PDO, IEA Sign Cooperation Agreement on Energy Transition

• Wednesday, 17th February 2021
• by Fatma Ahmed

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

• Monday, 27th November 2017
• by Editorial Team

Rising crude demand is rebalancing the oil market.

OPEC 86% Compliant with Production-Cut Obligations

• Tuesday, 17th October 2017
• by Editorial Team

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

IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible

• Monday, 25th April 2016
• by Egypt Oil & Gas

The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."

IEA: Half of Power Plants Built in 2014 to be Fueled by Renewables

• Wednesday, 11th November 2015
• by Egypt Oil & Gas

The International Energy Agency (IEA) released its annual “World Energy Outlook” report. Among the most interesting statistics was that almost half of new power plants built worldwide in 2014 were built to utilize re ...

Mixed Blessings Face Gulf Economy with Oil-Dollar Tradeoffs

• Wednesday, 30th September 2015
• by Egypt Oil & Gas

The strength of the US dollar against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region

Third Tank World Expo to be Hosted in Dubai, April 13-14

• Monday, 6th April 2015
• by Egypt Oil & Gas

International industry leaders will come together in Dubai this month to debate the increasingly critical issue of global oil storage and its impacts on the Middle East oil and gas industry, as countries around the w ...

IEA Names New Executive Director

• Sunday, 15th February 2015
• by Egypt Oil & Gas

The International Energy Agency’s governing board confirmed the appointment of Fatih Birol as the agency’s next executive director. Birol succeeds Maria van der Hoeven, who will complete her 4-year term on Aug. 31.

Iraq: Output Must Rise to Compensate for Price Drop

• Thursday, 22nd January 2015
• by Egypt Oil & Gas

Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.