A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said Wednesday Read more
Tag: IEA
Russian oil imports holding up, IEA says as it increases oil-demand view
More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected to come into force within weeks, shipments Moscow will struggle Read more
Oil slumps after hot inflation reading, while IEA warns of global recession
Oil futures fell Thursday after a hotter-than-expected consumers price index reading was seen forcing the Federal Reserve to keep aggressively tightening monetary policy, while the International Energy Agency warned that Read more
OPEC+ supply cut threatens to tip global economy into recession, IEA says
An oil supply cut from the Organization of the Petroleum Exporting Countries threatens to deepen a global energy crisis by sending oil prices higher at a time of already elevated Read more
OPEC+ supply cut threatens to tip global economy into recession, IEA says
An oil supply cut from the Organization of the Petroleum Exporting Countries threatens to deepen a global energy crisis by sending oil prices higher at a time of already elevated Read more
Oil prices lifted as IEA boosts demand forecast
Crude oil futures moved higher Thursday, finding support after the International Energy Agency raised its forecast for global oil-demand growth as summer heatwaves in Europe and tight natural-gas supplies prompt Read more
European Heatwaves Boost Demand for Oil, IEA Says
By Will Horner Summer heatwaves in Europe and scarce supplies of pricey natural gas are boosting demand for oil as power stations look for alternative fuels to meet the surging Read more
Oil supply crisis showing signs of easing, IEA says
The worst oil-supply crisis in decades is showing tentative signs of easing as flagging economic growth weighs on demand for crude while sanctions on Russia’s oil industry are having less Read more
‘We might not have seen worst’ of global energy crisis, warns IEA chief
“‘The world has never witnessed such a major energy crisis in terms of its depth and complexity. We might not have seen the worst of it yet — this is Read more