International Energy Agency

This tag is associated with 2 posts

Oil Market Report: Highlights By International Energy Agency

Posted by ETFalpha ⋅ August 13, 2015 ⋅ 4 Comments

Crude oil prices fell sharply during July and into early August, pressured by an abundance of supply and a strong US dollar. By early August, global benchmarks had sunk around 25% below end June levels. At the time of writing, ICE Brent was trading at around $49 /bbl while NYMEX WTI was at $43.30/bbl. Global oil … Continue reading →

Oil Prices Plunge Below $60 on Weak Forecast by IEA

Posted by ETFalpha ⋅ December 12, 2014 ⋅ 1 Comment

The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply. Oil demand growth for 2015 was slashed by 230,000 barrels per day, and is set to … Continue reading →