International Energy Agency (IEA)

  • Novak: OPEC+ Set to Relax Oil Cuts As Planned

    Novak: OPEC+ Set to Relax Oil Cuts As Planned

    Thursday, 15th October 2020

    Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.

  • Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts 

    Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts 

    Wednesday, 16th September 2020

    The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Arabia.

  • Iran’s Oil Exports Hike to 3mb/d

    Iran’s Oil Exports Hike to 3mb/d

    Wednesday, 8th March 2017
    Iran's crude oil exports hit a record 3mb/d in the Iranian month of Esfand (late February to late March). The country was released in 2016 from trade restrictions.
  • IEA Predicts Slump on Oil Supply by 2020

    IEA Predicts Slump on Oil Supply by 2020

    Wednesday, 8th March 2017
    According to the International Energy Agency (IEA) latest report, investment in new projects fell during the slump in oil prices that began in mid-2014, which may compromise production levels by 2020.
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