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International Energy Agency

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.
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OPEC’s report comes a day after the U.S. government’s Energy Information Administration raised its 2014 world oil demand growth forecast by a similar increment.
February 12th, 2014 - 05:12 GMT

Who will win and who will lose? OPEC raises 2014 oil demand forecast

Al Bawaba
February 10th, 2014 - 03:55 GMT

The benevolent destroyer: US to advice Iraq on rebuilding oil industry

Al Bawaba
February 10th, 2014 - 03:55 GMT

The benevolent destroyer: US to advise Iraq on oil infrastructure

Baghdad is seeking to dramatically ramp up exports to fund desperately needed reconstruction of Iraq’s conflict-battered infrastructure and economy.
January 22nd, 2014 - 09:42 GMT

Iraqi exports, revenues took a nosedive in 2013

More than 200 exhibits will be on display during the forum at three different shows (Courtesy of Arabian Industry)
January 20th, 2014 - 10:17 GMT

Spotlight on largest World Future Energy Summit in Abu Dhabi

Qatar to help Iran to develop its share of the world’s biggest gas field so both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum (QP) say.
January 12th, 2014 - 06:02 GMT

What will Qatar get out of an Iranian nuclear deal?

According to the Paris-based International Energy Agency, supplies from shale oil through the use of fracturing technology can help the US for some time, but it has to turn back to the Middle East down the road to satisfy its growing needs.
January 12th, 2014 - 03:55 GMT

Are we witnessing a "new oil order"?

 In a message to members of the Organization of Petroleum Exporting Countries (OPEC), Zanganeh also said that unconventional oil production from shale reserves by non-OPEC countries will not be a threat to OPEC.
January 7th, 2014 - 03:55 GMT

Desperate for a comeback, Iran's oil minster sends a loud and clear message to OPEC's giants

Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013.
December 31st, 2013 - 06:48 GMT

An upcoming trend or an exception? Only 2014 will tell. Saudi Arabia's oil exports hit $50 billion in 2013

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
December 19th, 2013 - 10:57 GMT

Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014

Al Bawaba
December 17th, 2013 - 11:04 GMT

Tackling the preplexing question- what is going on with oil prices?

Energy ministers from Opec countries agreed yesterday to keep the group’s target for crude output unchanged at 30mn bpd.
December 5th, 2013 - 02:56 GMT

Nothing exciting about the new oil production rate set by OPEC

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