Tag: oil

IEA Executive Director Holds Talks with Prime Minister of the Republic of Slovenia

On the side lines of the Bled Strategic Forum held on 5 September, Dr Birol met with H.E. Miro Cerar, Prime Minister of the Republic of Slovenia. The meeting focused on global...

Global Oil Demand Can Only Increase

While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to...

Blame Oil: Nigeria Slumps into Recession, Norway Stalls

Nigeria slumped into recession and Norway's economic growth slowed to a standstill in the second quarter. Both countries rely on oil for a big chunk of their exports and have been hit...

Adapting to a Drier World

Water, which covers more than two-thirds of the planet’s surface, is fundamental to life. It is also essential to energy production. Water is critical to pumping oil and natural gas out of the...

The Top 10 Public Global Oil Producers In 2016

The following list is based on average daily global oil production for all publicly traded companies during the most recent fiscal quarter. As noted in the article on natural gas producers, some...

Iran Says Will Cooperate with OPEC to Stabilize the Oil Market: IRNA

Iran's oil minister said today that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry's news...

Despite the Current Decline, Oil Market on the Path to Rebalancing

“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in...

IEA releases Oil Market Report for August

Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the newly released IEA Oil Market Report (OMR) for August informs...

IEA data shows global energy production and consumption continue to rise

Reflecting the IEA’s increasingly global perspective, for the first time the Agency’s OECD and non-OECD Energy Balances and Statistics reports have been merged into two comprehensive global reports on energy data. World...

More than 8 Million People Were Employed Worldwide in the Renewable Sector

A boom in solar and wind power jobs in the US led the way to a global increase in renewable energy employment to more than 8 million people in 2015, according to...

Chemists Find New Way to Recycle Plastic Waste into Fuel

A new way of recycling millions of tons of plastic garbage into liquid fuel has been devised by researchers from the University of California, Irvine and the Shanghai Institute of Organic Chemistry...

IEA releases Oil Market Report for July

Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only...

IEA urges Belgium to take a long-term approach to energy policy

Belgium should adopt a national long-term energy strategy without delay, the International Energy Agency (IEA) said today, stressing that such a plan was required to respond to the challenge of decarbonising the...

Got Denmark envy? Wait until you hear about its energy policies

Back in the early 1970s, Denmark got almost all its energy from imported oil. Then came the oil crisis, which, naturally, had a big impact. Political discussions throughout the '80s resulted in...

With renewable energy sources to cleaner future

The use of renewable energy has become one of the key components of sustainable development after developed countries have recognized the importance of reducing greenhouse gas emissions. Although Serbia has great energy...

IEA releases Oil Market Report for January

Exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies – saw...

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