International Energy Agency (IEA) | Egypt Oil & Gas

Russian Oil Supply to Plummet to Double in May

The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).

Novak: OPEC+ Set to Relax Oil Cuts As Planned

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 

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 Ar ...

Iran’s Oil Exports Hike to 3mb/d

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

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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