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Global oil production drops by 0.7% in September, IEA reports

Global oil production drops by 0.7% in September, IEA reports

- Agency forecasts global oil demand to reach 102.84 million bpd in 2024, 103.84 million bpd in 2025

15.10.2024 Oil

Growing hostilities in Middle East could cause significant volatility in oil market

Growing hostilities in Middle East could cause significant volatility in oil market

-Prices likely to remain elevated over short term until winding down of tensions, according to experts

20.04.2024 Oil

Rystad predicts growth in Europe’s solar power generation in 2024

Rystad predicts growth in Europe’s solar power generation in 2024

Rystad Energy forecasts continued strong renewable additions in 2024, with solar leading growth for first time in capacity and generation

05.02.2024 Wind Solar

With new member Brazil, OPEC+ eyes increased market share, prices

With new member Brazil, OPEC+ eyes increased market share, prices

- During their latest ministerial meeting on Thursday, group not only endorses its previous production cuts but also adds voluntary cuts from several members

02.12.2023 Oil Upstream Regulation International Organization

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

22.11.2023 Oil

Global oil production up more than 19% in October: Int. Energy Agency

Global oil production up more than 19% in October: Int. Energy Agency

- Oil supply is expected to average around 101.3 million barrels per day in last quarter of 2023

14.11.2023 Oil World

International Energy Agency announces first lower oil demand revision so far in 2023

International Energy Agency announces first lower oil demand revision so far in 2023

- Agency lowers global crude oil demand forecast by 220,000 for this year, putting through more bearish estimates for 2024 with 1.1 million bpd rise

13.07.2023 Oil International Organization World

Oil and gas well intervention investments expected to increase by 20% in 2023: Rystad

Oil and gas well intervention investments expected to increase by 20% in 2023: Rystad

- Algeria and Saudi Arabia are top two onshore markets, with over 11,000 wells offering great intervention potential between 2023 and 2028, says Rystad Energy

10.07.2023 Oil World Europe

OPEC+ could keep current output level based on tight market situation: Rystad

OPEC+ could keep current output level based on tight market situation: Rystad

-23-member group of oil-producing countries will convene on Sunday to decide next production policy

01.06.2023 Oil International Organization World

OPEC+ output cut may push Brent oil price to $110 per barrel: experts

OPEC+ output cut may push Brent oil price to $110 per barrel: experts

- Oil majors' recent output decision aims to keep prices at around $80 a barrel, says Kpler’s Matt Stanley

04.04.2023 Oil International Relations International Organization World

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Global oil demand to rise with resurgent Chinese demand: IEA

Global oil demand to rise with resurgent Chinese demand: IEA

- IEA expects Chinese oil demand will see largest relative in-year increase since 2010

15.03.2023 Oil International Organization World

Global oil demand to rise with support from China: IEA

Global oil demand to rise with support from China: IEA

- IEA expects Chinese oil demand to quickly pick up steam, exceeding 2021 levels by end of year

15.02.2023 Oil World

Approx. 1.1M barrels per day of Russian oil at risk of not finding buyers due to sanctions

Approx. 1.1M barrels per day of Russian oil at risk of not finding buyers due to sanctions

- Sanctions on Russian oil may hurt Europe more, while some of Russia’s crude and refined products may be jeopardized in 2023, experts say

03.12.2022 Oil Eurasia

Global oil demand to surpass 2019 levels despite high prices: IEA

Global oil demand to surpass 2019 levels despite high prices: IEA

- Oil demand peaks in mid‐2030s at 103 million barrels per day, according to International Energy Agency’s Stated Policies Scenario

28.10.2022 Oil International Organization World

OPEC keeps global oil demand forecast unchanged for 2023

OPEC keeps global oil demand forecast unchanged for 2023

- Global oil supply in August increases by around 1.3 million barrels per day compared to previous month

13.09.2022 Oil International Organization World

Power prices in Europe reach record highs in August

Power prices in Europe reach record highs in August

- Average spot price for August in Italy hits €547, exceeding monthly average of €500 per megawatt hour for first time

01.09.2022 Electricity Natural Gas Europe

OPEC ends reliance on International Energy Agency data

OPEC ends reliance on International Energy Agency data

- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect

31.03.2022 Oil International Relations International Organization World

Oil prices extend rises on supply woes from talks of Russian oil ban

Oil prices extend rises on supply woes from talks of Russian oil ban

- US President Joe Biden is due to participate in a series of meetings in Brussels, which could include EU oil export ban on Russia

23.03.2022 Oil World

Int. Energy Agency oil demand forecast up due to softer COVID-19 restrictions

Int. Energy Agency oil demand forecast up due to softer COVID-19 restrictions

- Despite explosion of worldwide COVID-19 cases, government measures to contain virus are less severe, says International Energy Agency

19.01.2022 Oil International Organization World

US move to sell emergency oil from reserves may trigger new type of price war

US move to sell emergency oil from reserves may trigger new type of price war

- With view to reduce rising fuel prices, US vows to tap emergency oil reserves, a move supported by China, India, Japan, South Korea and UK

26.11.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

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Electric vehicles' global market share projected to reach 29% by 2025

Electric vehicles' global market share projected to reach 29% by 2025

- Covid-19 relief packages resulted in new policy support for EVs, making them more affordable compared to ICEs, expert says

21.10.2021 Electricity World

IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas

IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas

- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA

14.10.2021 Oil International Organization World

OPEC revises down 2021 global oil demand, keeps it unchanged for 2022

OPEC revises down 2021 global oil demand, keeps it unchanged for 2022

- Crude output rises mainly in Nigeria, Saudi Arabia, but decreases in Venezuela, Libya, says OPEC

13.10.2021 Oil International Organization World

Climate-related disasters killed 17,000 since COVID-19 began: report

Climate-related disasters killed 17,000 since COVID-19 began: report

- Additional 658M people exposed to extreme temperatures

17.09.2021 Renewable International Relations Europe

Oil down over 2% over rising US fuel stocks and demand worries

Oil down over 2% over rising US fuel stocks and demand worries

- Low demand concerns linger over more-than-expected rise in US gasoline inventories of 700,000 barrels last week

19.08.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

Int. Energy Agency lowers oil demand expectation for 2H21 and 2022

Int. Energy Agency lowers oil demand expectation for 2H21 and 2022

- Outlook for remainder of 2021 is downgraded due to worsening progression of pandemic and revisions to historical data: IEA

12.08.2021 Oil Middle East-Africa

Global oil demand to rise by over 3% in 2022: Int. Energy Agency

Global oil demand to rise by over 3% in 2022: Int. Energy Agency

- Stronger oil demand is expected in 2nd half of year, on back of robust economic growth, rising vaccination rates & mobility

13.07.2021 Oil World

Bangladesh sees highest daily COVID-19 deaths, 3rd wave unfolds

Bangladesh sees highest daily COVID-19 deaths, 3rd wave unfolds

- Nearly 120 deaths recorded in last 24 hours, government announces ‘harder lockdown’ as of Thursday amid surging infections

28.06.2021 World Asia

Global oil demand to rise 6% in 2021: International Energy Agency

Global oil demand to rise 6% in 2021: International Energy Agency

- 1st half demand revised up, but estimate for 2nd half adjusted lower due to slow vaccination campaigns in non-OECD economies

11.06.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

OPEC forecasts 6% increase in global oil demand in 2021

OPEC forecasts 6% increase in global oil demand in 2021

- Crude output rises mainly in Saudi Arabia, Venezuela and Iran, but decreases in Nigeria and Angola, says OPEC

10.06.2021 Oil World

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