Maersk Supply growing in Aberdeen

OSV owner working on becoming more than just a vessel supplier.

Witnessing the ongoing transformation of O&G industry

The offshore industry is experiencing rapid change as companies have scaled down projects, introduced strict ...

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World's 2016 energy spending dragged down by upstream O&G

World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged ...

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IEA: Global oil discoveries at record low in 2016

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil ...

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IEA: Sharp oil price spike expected after 2020

If new investments aren’t approved soon, the global oil supply will lag behind the demand after 2020, Dr. ...

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IEA: OPEC delivering on its promise to cut output

The estimated OPEC production in January was at 32.1 mb/d and the cuts achieved a record initial compliance rate of ...

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Oil rises from one-week low

By Libby George and Christopher Johnson LONDON (Reuters) – Oil bounced back from a one-week low on Thursday ...

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Fossil fuels far from over. Gas, renewables set for growth

IEA Gas and renewables set for big growth. Fossil fuels far from over

As a result of major transformations in the global energy system that take place over the next decades, renewables ...

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OPEC oil supply at all-time high, IEA says

International Energy Agency (IEA) has informed that OPEC oil supply was at an all-time high during September while ...

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IEA: Oil demand growth slowing at faster pace

IEA Oil demand growth slowing at faster pace

Global oil demand growth is slowing at a faster pace than initially predicted, International Energy Agency said in ...

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OPEC, IEA execs meet to talk oil

Mohammad Sanusi Barkindo, the recently-appointed Secretary General of the Organization of the Petroleum Exporting ...

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IEA expects oil demand growth to slow down

Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth ...

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IEA sees rise in global oil supplies

Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, ...

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IEA: outages decrease oil production forecast

Unexpected outages in OPEC and non-OPEC countries have cut global oil supply by nearly 0.8 mbpd in May, dampening ...

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IEA: Next five years to reshape global gas trade

The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said ...

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Oil near 6-month high after IEA sees tighter supply

By Sarah McFarlane LONDON (Reuters) – Oil prices rose towards six-month highs on Thursday, supported by data ...

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IEA: Iranian oil supply back at 2011 levels

Global oil supplies rose 250 000 barrels per day (250 kb/d) in April from the preceding month to 96.2 mb/d as ...

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IEA: Oil market, prices to return to balance by 2017

International Energy Agency (IEA) chief Fatih Birol said on Thursday he expects the oil market to come back into ...

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IEA: Global oil demand already weakening

Growth in global oil demand will ease to around 1.2 million barrels per day (mb/d) in 2016, below the 1.8 mb/d ...

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Oil prices rise as IEA says market could have bottomed

By Libby George LONDON (Reuters) – Brent crude was on track for its third weekly gain on Friday, supported by ...

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IEA: Global oil demand to ease back 'considerably' in 2016

Having peaked, at a five-year high of 1.6 million barrels per day (mb/d) in 2015, global oil demand growth is ...

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IEA: Non-OPEC output falls yoy for first time since 2012

Exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside ...

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