fetching latest news

News tagged in:  

IEA NEWS

Oil prices recover category
July 12, 2018
Source: Investing

Oil prices recover

Following the slump in rates yesterday, oil prices edged up today, gaining some ground. While Brent crude was traded at$74.80 a barrel, WTI, on the other hand, was priced at $70.88 a barrel. Thursday brought optimism in the oil market as the IEA stated about a large number of output disruptions keeping the pressure on global oil supply and prices.

Shale transforms oil relationship as Saudi Prince visits US category
March 20, 2018
Source: World Oil

Shale transforms oil relationship as Saudi Prince visits US

For the longest time in the past, oil was seen as the bedrock of the Saudi-US relationship. A stable and balanced supply of oil from the largest exporter of the Middle East was considered critical for the US economy. However, the equation is undergoing a transformation with shale bloom from Texas to North Dakota. According to IEA, this will have profound implications on energy geopolitics.

Biggest oil output plummet in UAE from January category
March 5, 2018
Source: World Oil

Biggest oil output plummet in UAE from January

Oil output plummeted in the UAE; it dropped 70, 000 bpd from January, a subject matter expert observed. The cut is the biggest since UAE reduced production in alignment with the OPEC’s decision to restrict production in order to control the global glut. UAE’s average compliance with its cuts which improved to 117% in January from 103% in December, according to IEA.

Please Login to Save News for Later