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International Energy Agency

International Energy Agency latest

OPEC is still urging oil suppliers outside the group to fulfil their commitments to cut output. (File photo)
February 14th, 2017 - 05:34 GMT

Saudi oil production reaches lowest level in eight years

The level of Saudi cuts in January shows that the Kingdom went beyond its OPEC obligations under a deal cut last year to balance world markets.
Read more
Tuesday’s decline trimmed the overall gain of Dubai’s benchmark to 57 per cent this year, still the second-best among global benchmarks after Ghana’s market.
August 28th, 2013 - 07:24 GMT

Syrian crisis crashing the GCC's financial markets, bringing them to lowest in the world

While the IEA expects the US to gradually become independent of oil imports, it also predicts Asian countries to end up consuming up to 90 per cent of the oil produced in the GCC region.
August 18th, 2013 - 12:32 GMT

Will the Middle East continue to dominate the oil market?

The country earned $7.3 billion from its exports this month.
August 14th, 2013 - 07:06 GMT

Iraqi oil exports hit 16 month low

3Q quarter-on-quarter oil demand has risen by 1.1 million barrels per day (mbpd) on average
July 22nd, 2013 - 06:00 GMT

Seasonal crude rush: oil prices rise

the Kingdom is aiming to generate 18 GW of nuclear energy, 3 GW of waste to energy, 1 GW of geothermal and an additional 9 GW of wind power, specifically for water desalination plants
July 18th, 2013 - 02:55 GMT

Saudi Arabia aims to be world’s largest renewable energy market

UAE retained its position in the Middle East as the biggest spender in oil and gas sector
July 18th, 2013 - 06:09 GMT

UAE leads energy investment

In June, Washington granted new waivers to China, India, South Korea, and six other countries from the sanctions on Iran
July 16th, 2013 - 07:55 GMT

South Korea vamps up Iranian oil imports

Abu Dhabi aims to start producing about 500 million cubic feet a day of sour gas in 2014
July 14th, 2013 - 08:04 GMT

IEA says UAE’s June oil output at 2.73 million bpd

OPEC's report is the second of this month's trio of oil supply and demand forecasts to emerge
July 11th, 2013 - 11:55 GMT

OPEC to lose market share to shale oil in 2014

Saudi Arabia is the number one oil producer in the world
July 1st, 2013 - 09:02 GMT

Saudi exports 1.27 million barrels of oil so far this year

Oil tanks
June 16th, 2013 - 10:50 GMT

UAE May oil output up 1.1% over April - IEA

US shale oil production has added 850,000 barrels per day to its current production levels
June 2nd, 2013 - 09:08 GMT

Saudi oil exports yield $114bln since beginning of 2013

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