IEA

The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil market. Comprised of 13 member countries, OPEC collectively influences approximately 38% of the world’s…

The latest report from the International Energy Agency (IEA) has brought renewed attention to a critical issue often overlooked in discussions about the future of energy: the rapid decline in…

The International Energy Agency (IEA) has released a comprehensive analysis underscoring the critical need for sustained investment in oil and gas exploration to maintain current production levels through 2050. According…

Oil prices are holding steady near the $70-per-barrel mark, bolstered by strong seasonal demand and tightening inventories, even as warnings mount over a potential supply surplus later this year and…

The International Energy Agency (IEA) has forecasted that global oil demand will experience its slowest growth since 2009, excluding the sharp downturn caused by the COVID-19 pandemic. The agency attributed…

Global oil demand is expected to grow by 720,000 barrels per day (kb/d) in 2025, slightly lower than last month’s forecast due to weaker deliveries in the U.S. and China…

Natural gas is a versatile energy source that plays a crucial role in our daily lives. From heating our homes to powering industries, its applications are vast and varied. In…

Goldman Sachs Group Inc. has lowered its oil price forecasts, citing reduced US growth prospects due to tariffs and increased oil output from OPEC and its allies. This adjustment follows…

OPEC+ has been holding back 2.2 million barrels of oil per day for over a year, yet the market shows little sign of responding as the group intends. This persistent…

Abu Dhabi National Oil Co. (ADNOC) is intensifying its mergers and acquisitions (M&A) activity, with two high-profile targets in its sights: German chemicals giant Covestro and Austria’s integrated energy firm…