IEA Cuts Oil Demand Forecast
Oil demand growth falls to its lowest level in years as the global economy slows.
Oil Prices Jump on Risk of Libya Output Shortage
"The violence in Libya is captivating the market," one analyst says as the benchmark Brent and WTI crudes hit five-month highs.
Iran Deal Concerns Push Oil Prices Above $70
“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."
U.S. Oil Production to Hit New Record in 2018
With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
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.
OPEC Sees Minimal EV Impact on Oil Demand
Even if one in four passenger vehicles is electric by 2040, global oil demand would not drop “meaningfully” over the next 23 years.
Oil Prices Fall as Crude Stocks Hit New Record
The price of the benchmark crude dropped to the lowest level since OPEC countries agreed to cut output by 1.8 million bpd in the first half of 2017.
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.
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.
Global Oil Market Is Near Balance: IEA
Production outages and a drop in U.S. oil production have been more than offset by the flow of oil from Iran.