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IEA

Oil edges higher but demand fears set in

Oil edges higher but demand fears set in

  • Brent crude was up 29 cents, or 0.5%, at $61.43 a barrel.
  • Prices have risen over recent weeks partly owing to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other producers in the group known as OPEC+.
Published 12 Feb, 2021 09:02pm
IEA launches global group to tackle fallout from energy transition
Markets

IEA launches global group to tackle fallout from energy transition

  • The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico and Oman.
  • We believe the real success of this transition is critically hinging on whether or not citizens will benefit from the opportunities and how we navigate the disruptions of clean energy transitions.
Published 26 Jan, 2021 08:59pm
Oil prices climb
Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...
Published 20 Jan, 2021 04:29am
IEA says oil market outlook clouded by vaccine roll-out variables
Markets

IEA says oil market outlook clouded by vaccine roll-out variables

  • Producers are grappling with huge uncertainty about where this goes from here.
  • "That's not just in terms of economic recovery but indicators we wouldn't necessarily normally be looking at: (such as the) levels of trust in different countries about vaccines."
Published 13 Jan, 2021 06:28pm