IEA
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Iran’s Oil Output Hits 3.3 Million bpd in April 2024: IEA
The International Energy Agency (IEA) said Iran’s oil production volume reached 3.3 million barrels per day (bpd) in April 2024, showing a 50,000 barrels hike compared to a month earlier.
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Iran’s Oil Revenues Hit $34 bln in 9-Month Period in 2023: IEA
EghtesadOnline: Despite the unilateral sanctions imposed by the United States against the country, Iran’s oil revenues in the first nine months of last year (January to September 2023) reached…
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Birol: IEA Concerned About Tensions in Hormuz Strait
EghtesadOnline: The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely…
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IEA Sees Oil Market Oversupply in 2019
EghtesadOnline: Surging US oil output will outpace sluggish global demand and lead to a large stocks buildup around the world in the next nine months, the International Energy Agency said on…
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Iran world’s 3rd largest gas producer
EghtesadOnline: The International Energy Agency (IEA) in its latest report on the status of the global energy market said that Iran was the world’s third largest producer of natural gas in 2016.
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IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018
EghtesadOnline: The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging…
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IEA chief Birol: Oil market to rebalance in second half of 2017
EghtesadOnline: The global oil market is expected to rebalance in the second half of 2017, but further output increases among key producers such as Nigeria and Libya could hamper this process,…
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IEA says oil market could tilt into deficit in the first half if OPEC sticks to cuts
EghtesadOnline: Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but if OPEC maintains its output cuts, demand should overtake…
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IEA Sees Oil Investment Revival After a Two-Year Rout
EghtesadOnline: Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future supply crunch, the International…
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IEA Doubles Forecast for New OPEC Oil by 2022 as Iraq Ramps Up
EghtesadOnline: OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq, the International Energy Agency said.
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Oil rises on 90 percent compliance on OPEC output deal
EghtesadOnline: Oil prices rose more than 1 percent on Friday after the International Energy Agency (IEA) reported record initial compliance by OPEC members implementing last year's landmark…
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IEA Says $65 Oil 'Ambitious'
EghtesadOnline: Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at…
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Oil prices will be much more volatile in 2017: IEA
EghtesadOnline: Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented,…
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OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says
EghtesadOnline: Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to the International…
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An OPEC Oil Price Surge May Not Last, IEA Says
EghtesadOnline: An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.
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Oil demand won't peak before 2040, despite Paris deal: IEA
EghtesadOnline: The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris…
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IEA to Lift Solar, Wind Outlook After Decade of Underestimates
EghtesadOnline: The world’s most prominent energy forecaster will raise its outlook for wind and solar installations following a decade of underestimating growth in the renewables industry.
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IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017
EghtesadOnline: The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International…
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Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says
EghtesadOnline: Saudi Arabia has retaken the position of the world’s top oil producer from the U.S., according to the International Energy Agency.
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IEA Sees Oil Glut Easing
EghtesadOnline: Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy…