International Energy Agency Archives - CFO

IEA Calls for Halt to Fossil Fuel Investment

IEA Calls for Halt to Fossil Fuel Investment

“It’s a huge shift in messaging if they’re saying there’s no need to invest in new fossil fuel supply."

By Matthew Heller | May 18, 2021

IEA Raises Oil Demand Forecast for 2020

IEA Raises Oil Demand Forecast for 2020

The organization also warned that the recent surge in COVID-19 cases could threaten the market's recovery.

By Matthew Heller | July 10, 2020

IEA Cuts Oil Demand Forecast

IEA Cuts Oil Demand Forecast

Oil demand growth falls to its lowest level in years as the global economy slows.

By Lauren Muskett | June 14, 2019

IEA: U.S. to Drive Oil Supply Growth

IEA: U.S. to Drive Oil Supply Growth

Over the next five years, the U.S. will take aim at becoming the top oil exporter, the agency said.

By Lauren Muskett | March 11, 2019

U.S. Shale Surge Drives up Global Oil Supply

U.S. Shale Surge Drives up Global Oil Supply

The International Energy Agency warns that U.S. shale production could complicate OPEC's efforts to restrain output.

By Matthew Heller | December 15, 2017

IEA Walks Back Forecast of End to Oil Glut

IEA Walks Back Forecast of End to Oil Glut

After predicting last month the market would return to balance, the agency now says that forecast may have been premature.

By Matthew Heller | September 13, 2016

Global Oil Production to Fall Behind Demand

Global Oil Production to Fall Behind Demand

The International Energy Agency says the oil glut is clearing out even as OPEC producers pump at record or near record levels.

By Matthew Heller | August 12, 2016

Oil Prices May Have Bottomed Out, IEA Says

Oil Prices May Have Bottomed Out, IEA Says

Prices have risen to more than $40 a barrel in recent days amid a drop in both OPEC and non-OPEC production.

By Katie Kuehner-Hebert | March 11, 2016

New Iran Supplies Will Add to Oil Price Pressures

New Iran Supplies Will Add to Oil Price Pressures

The oil markets could be left with a surplus of 1.5 million barrels a day in the first half of 2016, says the IEA.

By Katie Kuehner-Hebert | January 19, 2016

Oil Prices to Pick Up Slowly To 2020, IEA Says

Oil Prices to Pick Up Slowly To 2020, IEA Says

While it won't be a smooth market adjustment, the price of oil should hit $80 per barrel in less than five years, says the IEA.

By Katie Kuehner-Hebert | November 10, 2015

U.S. Producers to ‘Bear Brunt’ of Oil Price Rout

U.S. Producers to ‘Bear Brunt’ of Oil Price Rout

An International Energy Agency forecast is the gloomiest for U.S. oil production since crude prices crashed last month.

By Katie Kuehner-Hebert | September 11, 2015

Oil Glut to Continue Through 2016

Oil Glut to Continue Through 2016

The International Energy Agency says a "rebalancing" between supply and demand is under way but it will be a lengthy process.

By Katie Kuehner-Hebert | August 12, 2015

Crude Stocks Curtailing Oil’s Rebound

Crude Stocks Curtailing Oil’s Rebound

Robust U.S. oil production and other factors are causing crude inventories to soar, setting the stage for another drop in oil prices.

By Katie Kuehner-Hebert | March 13, 2015

Unsustainable Energy

Unsustainable Energy

The price of oil has been tumbling. The cost of finding it has not.

By Economist Staff | October 13, 2014