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.

An increased availability of Iranian oil could disrupt the dynamics of the global oil market. (Image credit: Shutterstock)

December 1st, 2013 - 06:48 GMT

Who will be the biggest losers after Iranian oil floods the market?

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.

November 25th, 2013 - 04:38 GMT

Iran deal impact on oil prices "muted"

MENA's energy subsidies account for half of the global total at $237 billion annually (Courtesy of Arabian Oil and Gas)

November 24th, 2013 - 09:07 GMT

The future of the Middle East economy: will energy subsidies' short-term gains outweigh projected inefficiencies?

Do energy subsidies stifle innovation and hurt society in the long run?

November 18th, 2013 - 07:24 GMT

The unintended consequences of energy subsidies

Whilst oil demand has increased significantly over the past four decades, accessible reserves are actually increasing every year thanks to increased explorations for both conventional and unconventional oil and improved technology such as horizontal drilling

October 28th, 2013 - 07:13 GMT

Will the world run out of oil?

“To meet the projected domestic and global demands by 2020, Saudi Arabia will have to pump between 12.5 million and 15 million bpd.” (Photo credit: Shutterstock)

October 13th, 2013 - 08:37 GMT

Time to catch up: Saudi Arabia taking the fast track to shale production

Singapore is the first non-Middle East country to have a free trade agreement with the GCC (Gulf Co-operation Council).

October 6th, 2013 - 02:58 GMT

Are Gulf investors about to flock towards Singapore?

"I do not think that with this quantity OPEC is in trouble," Badri said.

October 2nd, 2013 - 02:43 GMT

Keep calm and carry on: OPEC's approach to the shale boom

Kuwaiti energy analyst Kamil Harami sees the harm of shale production coming sooner for oil-producing Gulf Arab nations, along with Iraq.

September 25th, 2013 - 12:41 GMT

Should the Gulf be freaked out by the US shale boom?

The biggest reason for pundits to stay calm and not nervous despite the Libyan outage this time – is the unraveling shale revolution – changing the overall crude perspective.

September 15th, 2013 - 08:07 GMT

It's only the beginning: how the 'shale revolution' is shifting the landscape of global oil production

New York crude had struck $112.24 a barrel at the end of August, which was the highest level for more than two years.

September 15th, 2013 - 06:49 GMT

Oil prices eased by ongoing Syria talks

The IEA comprises OECD countries that hold strategic inventories which can be released in the event of a supply disruption in oil markets.

September 9th, 2013 - 01:24 GMT

Oil might be getting expensive, but we're all covered- says IEA