iea

As crude prices keep inching upward, the threat to both the U.S. and global economy is clear. While OPEC says don't blame us, the Interational Energy Agencys says: "This is a wake-up call to the oil-consuming countries and to the oil producers."

World demand for oil will increase in the final months of 2010, but will be lower than expected in 2011, The International Energy Agency said. The IEA cut its forecast for 2011 demand to 1.21 million barrels per day, from 1.27 million bpd, Reuters reported. The agency also increased its estimate...

China is now the world's largest energy consumer, displacing the U.S., which had been the biggest consumer for over 100 years. According to data from the International Energy Agency, China used the equivalent of 2,252 million tons of oil last year, The Wall Street Journal reported. That figure,...

In its first detailed assessment of 2011, the International Energy Agency says that it expects world oil demand to rise 1.6% next year. The agency left its 2010 forecast largely unchanged.

According to the International Energy Agency, oil prices near $85 a barrel could threaten the recoveries of the world's major economies. Crude oil prices are up 25% in two months.

Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that says figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current...

The era of sluggish global oil demand appears to be over. The International Energy Agency Friday increased its 2010 global oil demand forecast by 350,000 barrels per day (bpd) to about 86.1 million bpd, on the prospect of stronger GDP growth in the Americas and Asia. This means the IEA now...

The "dueling forecasts" regarding 2010 global oil demand continue. Contrary to OPEC's forecast, the International Energy Agency is forecasting global oil demand will rise in 2010, as the world emerges from its worst recession since the end of World War II. In its July Oil Market Report, the IEA...

The dichotomy between oil demand and oil's price continues. The International Energy Agency cut its global oil demand outlook for the eighth straight month in May, due to the U.S. and global recessions. The IEA now expects daily global oil demand to total 83.2 million barrels per day (bpd), down...

Is the price of oil being artificially boosted again by speculators and investors? Driven to dizzying heights near $150 in 2008 during the recent bubble, oil has fallen to the $40-50 per barrel range, due to the U.S. and global recession. The New York Times (NYT), in an interpretive report...