Oil rises after US Navy destroys Iranian drone

Fri, 19 Jul 2019 - 09:32 GMT

International oil prices rose on Friday after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, fueling tension in the Middle East.

IEA: Unprecedented rise in global oil demand, supply

Fri, 12 Oct 2018 - 05:17 GMT

In future, a lot of potential supply could come to the market from places like Iran, Iraq, Libya, Nigeria and Venezuela, if their various challenges can be overcome.

Oil prices slide after IEA casts doubt over demand outlook

Wed, 15 Nov 2017 - 10:23 GMT

Oil prices fell by 1 percent on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past few months’ narrative.

OPEC compliance with oil output cut deal at 86 percent: IEA head

Tue, 17 Oct 2017 - 10:05 GMT

The Organization of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 percent.

Global oil market seen balanced in 2018, even with rising output: IEA

Thu, 12 Oct 2017 - 09:11 GMT

Global supply and demand for crude oil will be largely balanced next year.

Oil holds gains, buoyed by stronger demand

Thu, 14 Sep 2017 - 08:25 GMT

Oil prices steadied on Thursday, holding on to most of their recent gains after forecasts for stronger oil demand by the International Energy Agency (IEA).

IEA says strong oil demand growth helping market rebalance

Fri, 11 Aug 2017 - 12:16 GMT

World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts.

IEA says OPEC compliance with oil cuts at lowest in six months

Thu, 13 Jul 2017 - 11:20 GMT

OPEC's compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal.

Global oil market rebalancing speeds up, inventories lag: IEA

Tue, 16 May 2017 - 11:11 GMT

The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.