IEA | Egypt Oil & Gas

Sources in OPEC Expect Possible Slowdown in Global Oil Demand Next Year

According to OPEC delegates and industry insiders, global oil demand growth will decelerate in 2023, as rising crude and fuel prices help push up inflation and act as a drag on the global economy.

Japan to Release 6 mmbl of Oil from Private Reserves

Japan’s Industry Ministry announced that it will release 6 million barrels (mmbbl) of oil from its private reserves as a part of its contribution to a second round of the International Energy Agency’s (IEA) releas ...

Major Oil Traders to Reduce Russian Oil Purchases Starting From Mid-May

To avoid falling foul of European Union sanctions against Russia, major global trading decided to reduce purchases of crude and fuel from Russia's state-owned oil companies as early as May 15, Reuters reported.

El Molla Welcomes Wide Participation at COP 27 During IEA Meeting

The Egyptian minister participated in a ministerial discussion session that included energy ministers from 44 countries under the title "The International Energy Agency Community", which was organized by the IEA, ...

Africa’s Energy on the Table at IEA Conference

The Executive Director of the International Energy Agency (IEA), Fatih Birol, has highlighted that IEA is prioritizing African energy while considering climate change issue and energy transition as African populat ...

IEA to Set Strategy for Reducing Oil Usage While Prices Soar

The International Energy Agency (IEA) disclosed that it might release more oil from stocks to reduce its current high prices noting that it will set a plan to reduce oil usage as soon as possible.

El Molla Meets with World Energy Leaders at ADIPEC 2021

El Molla, held a series of talks and meetings with a number of heads of international companies and leaders of international energy organizations, on the sidelines of his participation in the ADIPEC 2021.

PDO, IEA Sign Cooperation Agreement on Energy Transition

Petroleum Development Oman (PDO) Company announced that it has signed an agreement with the International Energy Agency (IEA) for boosting cooperation in energy transitions and policy dialogues.

Saudi Aramco CEO: Demand Rebalancing Market

Rising crude demand is rebalancing the oil market.

OPEC 86% Compliant with Production-Cut Obligations

OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.

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