International News IEA cuts oil demand forecast weighed by economic uncertainty Yomna Yasser Aug 11, 2016 0 The world will consume less oil next year than previously thought as a climate of economic insecurity continues,…
forex news Oil drops on IEA glut warning, rise in U.S. stocks Noha Gad Jul 13, 2016 0 Oil fell on Wednesday as the International Energy Agency (IEA) warned that a global supply glut continued to weigh…
Industry & Trade Huge stocks overhang threatens oil price recovery: IEA Noha Gad Jul 13, 2016 0 The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand…
forex news IEA chief says oil price decline depends on global growth Ghada Ismail May 1, 2016 0 International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing…
forex news Oil rises as IEA expects biggest non-OPEC output fall in 25 years Noha Gad Apr 21, 2016 0 Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016…
Industry & Trade Eni focused on starting up its Egypt gas field Zohr by 2017-end: CEO Yomna Yasser Apr 16, 2016 0 Italy oil giant, Eni is focused on starting production at its giant offshore Zohr gas field in Egypt by end-2017,…
International News IEA expects oil market to remain oversupplied until late 2016 aya salah Jan 19, 2016 0 Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016,…
forex news Oil prices decline for seventh session on oversupply worries Noha Gad Dec 14, 2015 0 Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014, as a…
International News Brent Crude Extends Rally as IEA Warns of Middle East Risks Noha Gad Feb 17, 2015 0 Brent crude prices extended their rally beyond $62 a barrel on Tuesday as the IEA warned of supply risks in the…
Industry & Trade IEA Warns of Declining Libya, Iraq Oil Supplies Yomna Yasser Aug 9, 2013 0 The International Energy Agency Friday warned of declining supply from OPEC members Libya and Iraq even as it…