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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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Demand for Opec crude will average 29.07 mbpd in the first half of 2013
January 21st, 2013 - 12:48 GMT

OPEC predicts weaker oil demand for 2013

OPEC s spare capacity reaching six million bpd by 2015 the highest since the late 1980s
January 20th, 2013 - 12:14 GMT

Algerian hostage crisis causes oil price spikes as fears remain over Saudi Arabian supply

The kingdom now appears content to live with prices around $110
January 13th, 2013 - 11:04 GMT

Saudi doesn't need to scrape the barrel: raising the bar for target oil price

Report suggest that Iran is planning on building a new gas plant at the cost of $1.6 billion
January 10th, 2013 - 04:00 GMT

Iran: Reports of plans to construct new gas refinery

China’s crude oil imports from Iran fell 31 per cent in November , with traders citing delivery delays by Iranian tankers because of tough Western sanctions.
December 31st, 2012 - 12:28 GMT

Iranian oil exports to China drop due to sanctions

Coal could overtake oil as the worlds main fossil fuel by 2017
December 31st, 2012 - 08:29 GMT

Is coal the new "black gold"?

Iraq is now OPEC's second highest oil producer, with production rising 24 per cent n 2011
December 30th, 2012 - 07:47 GMT

Iraq now OPEC's second largest oil producer

Oman has beaten all other GCC nations in a World Economic Forum energy league table
December 26th, 2012 - 01:04 GMT

Oman tops GCC energy league

Iran is playing a "smart economic" warn, Iranian President Mahmoud Ahmadinejad has claimed
December 24th, 2012 - 07:51 GMT

Ahmadinejad: Iran playing "smart economic war"

The emirate of Abu Dhabi produces more than 90 per cent of the UAE’s crude oil output, the bulk of which is exported
December 23rd, 2012 - 11:13 GMT

Oil output in the UAE dropping but plans afoot

Coal is set to surpass oil as the world’s top fuel within a decade,  according to a new report
December 20th, 2012 - 03:00 GMT

No longer cooking with oil: Coal set to overtake as worlds top fuel

International sanction on Iran are hitting the oil Islamic Republic's oil industry
December 18th, 2012 - 09:38 GMT

Iran losing half of oil revenue due to sanctions

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