Latest in Highlight

Advertising Area

Latest in

IEA sees no disruptions in oil markets

By Nidhi Verma / Reuters NEW DELHI: The International Energy Agency (IEA) said on Friday it did not believe there would be any disruptions to global oil supply as Saudi Arabia and other Gulf producers will bring more oil to the market. Brent crude prices have risen 15 percent since the beginning of the year to …


Oil shut-ins, slow supply growth support price: IEA

By Jessica Donati and Zaida Espana / Reuters LONDON: Incremental oil supply from non-OPEC countries that is running short of expectations and a high level of supply outages are supporting oil prices despite slack global fuel demand growth, the International Energy Agency (IEA) said on Wednesday. Oil supply from non-OPEC will rise only 300,000 barrels a …


IEA cuts 2012 oil demand growth forecast yet again

LONDON: Global oil demand will grow by less than 1 percent in 2012, the International Energy Agency (IEA) said on Friday, cutting its oil growth demand forecast for a sixth consecutive month due to a weak global economy. The agency, which provides energy advice to the world’s most industrialized nations, cut its global oil demand …


End of Section