International Energy Agency | Al Bawaba

International Energy Agency latest

OPEC is still urging oil suppliers outside the group to fulfil their commitments to cut output. (File photo)

February 14th, 2017 - 05:34 GMT

Saudi oil production reaches lowest level in eight years

The level of Saudi cuts in January shows that the Kingdom went beyond its OPEC obligations under a deal cut last year to balance world markets.

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.

September 14th, 2014 - 03:55 GMT

The pendulum is swinging? Falling oil prices shifts energy balance in favor of the West

China’s future depends on the capacity of the GCC to provide a steady flow of oil for the next decades,

September 4th, 2014 - 03:55 GMT

China: the GCC's new reliable trade partner

Al Bawaba

August 14th, 2014 - 06:04 GMT

Islamic State seizes control of Iraq's oil, wheat

Now with crude output in the country growing rapidly and the US emerging as the world's top producer, there seems growing emphasis in Washington on controlling the newly found resource

July 21st, 2014 - 02:10 GMT

Taking the lead: the US' newfound role in energy markets and what it entails for the region

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.
In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.

July 13th, 2014 - 10:29 GMT

A defining moment has arrived: why demand for OPEC oil will never be the same

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June 30th, 2014 - 03:55 GMT

How the violence in Iraq is costing Egypt more than a billion dollars

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June 29th, 2014 - 12:18 GMT

How the ISIS is butchering Iraq's economic prospects

The GCC’s situation is quite unique at the global level.

June 8th, 2014 - 11:23 GMT

Beyond the usual: massive surpluses await the Gulf economies

Al Bawaba

April 30th, 2014 - 12:48 GMT

Why Egypt needs to lay off the the subsidies

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April 21st, 2014 - 07:30 GMT

Burning the candle at both ends: Iraq's pressing energy crisis

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)

April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

A surge in US oil and natural gas production has lifted hopes about North American energy security, but that growth will plateau and will be difficult to replicate elsewhere.

March 2nd, 2014 - 02:27 GMT

Don't even bother Saudi Arabia? IEA says US shale boom "difficult to emmulate"