Huge stocks overhang threatens oil price recovery: IEA
The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand…
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IEA
IEA Warns of Declining Libya, Iraq Oil Supplies
The International Energy Agency Friday warned of declining supply from OPEC members Libya and Iraq even as it…
Suez Halt Would Boost Crude Even As Supply Continued, IEA Says
A blockage of Egypt’s Suez Canal or at a crude pipeline linking the Red Sea and Mediterranean may cause oil prices…
GCC To Reap Record Oil Revenues Of $ 572 Bn
Gulf economies now appear fairly firmly on track for historically high surpluses, according to a new report from…
New Natural Gas Field Discovered In Iran
Iran has found a new natural gas field in the country's southwestern province of Khuzestan which is estimated to…
Oil Price May Arouse Global Recession: IEA
High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…
Iraq is capable of producing 6.5mbpd of crude oil by 2015
International Energy Agency said on Wednesday that Iraq is capable of more than doubling its crude oil production…
