International Energy Agency

OPEC supply boost could stretch spare oil capacity to the limit, IEA warns

The Organisation of Petroleum Exporting Countries' (OPEC's) rejuvenated bid to tame crude prices could soon exhaust the world's spare capacity…

Electric vehicle sales around the world up over 50% in 2017

Electric car sales around the world rose by 54 percent in 2017 to a three-million threshold, the International Energy Agency…

IEA says few energy technologies, sectors on track for climate goals

The International Energy Agency has said only four of 38 energy technologies and sectors were on target last year to…

OPEC, allies’ ‘mission accomplished’ as oil glut almost over, demand unchanged- IEA

The International Energy Agency said Friday, in its latest forecast that the global oil supply has eased due to the…

Oil prices to rise in 2018 as OPEC wages tug-of-war with U.S. shale, poll shows

Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but…

Oil demand ‘fairly strong’ for 2018- Vitol

Vitol, world’s biggest independent oil trader, sees “fairly strong” demand for crude this year, leading to a further drawdown in…

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