IEA

The Latest

  • IEA Cuts Next Year's Oil Demand Forecast; OPEC+ Cuts May Further Drive Prices Up
    OIL
    The International Energy Agency (IEA) mentioned in its oil market report released on Friday that next year's oil demand growth is expected to decelerate more than previously forecasted, citing economic challenges, slower-than-anticipated economic recovery, and the rapid growth of the electric vehicle sector.
  • COVID-19 Sees Largest Plunge In Energy Investments in History
    OIL
    The COVID-19 pandemic continues to shut down countries en masse and by so doing is thwarting the energy investments needed to secure future prosperity.
  • Oil Prices Drop As Worries On China-US Trade Tension, Oversupply Resurface
    OIL
    Traders say demand will possibly take over a year and maybe longer to return to pre-coronavirus rates.
  • World Oil Consumption To Fall Since 2019, IEA Reports
    IEA
    Data released by IEA based on estimates that China's economy will normalize in the second half this year.