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.

Photo courtesy of Masdar

May 27th, 2013 - 04:00 GMT

UAE oil remains steady month-on-month — IEA

Iran's economy declines as sanctions bite

May 2nd, 2013 - 12:28 GMT

Sanctions hurting Iran's economy

IMF believes subsidy reform is a way for the government to focus on more meaningful ways to help the most vulnerable in society and spend more on other key utilities

April 24th, 2013 - 08:25 GMT

MENA biggest spender on subsidies

The UAE is the world's seventh biggest energy producer, with proven oil reserves of 97.8 billion barrels

April 17th, 2013 - 07:26 GMT

UAE resident's energy consumption some of the worlds highest

As demand for oil eased, prices dropped

April 14th, 2013 - 08:47 GMT

Oil prices hit nine-month low

OPEC is expecting lower oil demand this year

April 11th, 2013 - 09:13 GMT

OPEC cuts oil demand forecast as global bodies lower predictions

Kuwait budget surplus to top $50 bn in 2012-13

March 21st, 2013 - 08:43 GMT

Oil helps Kuwait register huge budget surplus

$15 trillion in upstream oil and gas investment is needed to meet the projected oil demand of 99.7 million bpd by 2035

March 7th, 2013 - 11:00 GMT

Energy security crucial for MENA region

The Middle East will still play a pivotal role in providing oil to the global economy, a US think tank said

March 3rd, 2013 - 08:47 GMT

MENA to remain 'pivotal' to global energy supply

It estimates that Iran lost over $40 billion in export revenues in 2012 or about $3.4 billion per month

February 25th, 2013 - 08:42 GMT

Iran oil to continue to slip - IEA

Oil output in Iran dropped dramatically in 2012 due to sanctions, according to the IEA.

February 13th, 2013 - 11:02 GMT

Sanctions hit Iranian oil exports - IEA

World oil markets are tightening as Chinese fuel demand increases

January 28th, 2013 - 09:18 GMT

Saudi oil drop tightens oil markets