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  • Expect sound response to supply side by end of '16: Expert Dec 14, 2015 07:57 AM IST

    Expect sound response to supply side by end of '16: Expert

    In and interview to CNBC-TV18, David Lennox, Analyst at Fat Prophets spoke about and same and gave his outlook on crude.

  • US oil breaks below $36, hits fresh 2009 lows Dec 11, 2015 09:33 PM IST

    US oil breaks below $36, hits fresh 2009 lows

    Brent slipped below $39 per barrel for the first time since December 2008 as the IEA, which advises developed nations on energy, warned that demand growth was starting to slow

  • 'Unrelenting' supply hits oil demand growth: IEA Dec 11, 2015 02:53 PM IST

    'Unrelenting' supply hits oil demand growth: IEA

    The price crash was exacerbated by the 12-member oil producing group, which is led by Saudi Arabia, deciding not to cut production to support prices. A move largely seen as designed to put pressure on rivals, particularly shale oil producers in the US.

  • Oil prices may go even lower in 2016: IEA's Birol Dec 09, 2015 09:52 PM IST

    Oil prices may go even lower in 2016: IEA's Birol

    Fatih Birol, the executive director of the International Energy Agency (IEA), told CNBC that crude prices could continue to fall in 2016, presenting a challenge to governments that are trying to encourage the use of relatively expensive sustainable energy

  • Coal to remain cost-effective for India's energy needs: WCA Nov 19, 2015 10:19 PM IST

    Coal to remain cost-effective for India's energy needs: WCA

    The International Energy Agency (IEA) has forecast that by 2040 India's energy consumption will be more than OECD Europe combined, and rapidly approaching that of the United States.

  • Record oil stockpiles an 'unprecedented buffer': IEA Nov 13, 2015 02:41 PM IST

    Record oil stockpiles an 'unprecedented buffer': IEA

    "Stockpiles of oil at a record 3 billion barrels are providing world markets with a degree of comfort. This massive cushion has inflated even as the global oil market adjusts to USD 50/bbl oil." the agency noted in its November report released Friday.

  • Oil prices resume decline in Asia Nov 11, 2015 10:15 AM IST

    Oil prices resume decline in Asia

    The oil market has collapsed by more than half since mid-2014 with prices languishing under USD 50 a barrel, hurt by the supply glut and the decision by the oil exporter grouping OPEC to maintain output to counter booming US shale production.

  • India moving to centre stage of global energy system: IEA Oct 26, 2015 11:38 AM IST

    India moving to centre stage of global energy system: IEA

    International Energy Agency (IEA) Executive Director Fatih Birol said the organisation would like to see India and China join the grouping during its meet in Paris on November 17-18.

  • Governments shouldn't count on low oil prices: IEA Oct 26, 2015 10:35 AM IST

    Governments shouldn't count on low oil prices: IEA

    Global oil prices LCOc1 have more than halved since June 2014 on rising US shale oil output and as members of the Organization of the Petroleum Exporting Countries (OPEC) decided not to cut production and instead defend market share.

  • Oil investment set to fall more in 2016: IEA's Fatih Birol Oct 26, 2015 08:13 AM IST

    Oil investment set to fall more in 2016: IEA's Fatih Birol

    There has already been a more than 20 percent decline in oil investments in 2015, he said, adding that the bulk of the decline in oil investments came from North America and Brazil.

  • Oil prices subdued in volatile Asian trade Oct 14, 2015 11:12 AM IST

    Oil prices subdued in volatile Asian trade

    US benchmark West Texas Intermediate for November delivery was up four percent to USD 46.68 in volatile morning trade that saw the price see-sawing between negative and positive territory. Brent crude for November declined 0.16 percent to USD 49.16.

  • Need to make renewable energy system more sustainable: IEA Oct 03, 2015 02:36 PM IST

    Need to make renewable energy system more sustainable: IEA

    "Governments must remove the question marks over renewables if these technologies are to achieve their full potential, and put our energy system on a more secure, sustainable path," IEA Executive Director Fatih Birol said.

  • Oil prices edge up in Asian trading Sep 14, 2015 08:00 AM IST

    Oil prices edge up in Asian trading

    US crude futures CLc1 were trading at USD 44.86 per barrel at 0215 GMT, up 23 cents from their last settlement, pushed by a slight fall in drilling activity.

  • IEA sees US oil output collapsing next year on low prices Sep 11, 2015 03:33 PM IST

    IEA sees US oil output collapsing next year on low prices

    The IEA, which advises the world's biggest economies on energy policy, said global oil demand was poised to climb to a five-year high this year thanks to lower prices.

  • Oil falls after Goldman cuts forecasts Sep 11, 2015 03:07 PM IST

    Oil falls after Goldman cuts forecasts

    Joining a long list of banks cutting their price forecasts, Goldman Sachs on Friday reduced its 2015 US crude oil forecast to USD 48.10 a barrel, down from USD 52. The bank lowered its 2016 forecast for US crude to USD 45 from USD 57.

  • Oil supply tightening as prices plunge: IEA Sep 11, 2015 02:42 PM IST

    Oil supply tightening as prices plunge: IEA

    The International Energy Agency (IEA) said a move by the world's big oil exporters in OPEC, led by Saudi Arabia, to defend their market share "regardless of price" appeared to be working. The strategy was driving out costly, inefficient production from other parts of the world, it said.

  • Oil bounces off 6-year lows to close at $43.30 a barrel Aug 13, 2015 08:39 AM IST

    Oil bounces off 6-year lows to close at $43.30 a barrel

    US light crude oil settled up 22 cents, or 0.5 percent, at USD 43.30 a barrel, after gaining almost 80 cents at the session high.

  • IEA forecasts lower prices fuelling higher oil consumption Aug 13, 2015 08:00 AM IST

    IEA forecasts lower prices fuelling higher oil consumption

    The IEA forecast global demand for oil rising to 1.6 million barrels per day (mb/d) in 2015, representing "the fastest pace in five years, as economic growth solidifies and consumers respond to lower oil prices."

  • As crude gets crushed, traders play for $40 oil Jul 24, 2015 08:34 AM IST

    As crude gets crushed, traders play for $40 oil

    Crude oil fell another 1.5 percent on Thursday, settling at USD 48.48, the lowest level since March 31. And some traders say even lower prices are ahead.

  • Cairn India for stable & predictable investment regime Jul 21, 2015 01:36 PM IST

    Cairn India for stable & predictable investment regime

    Cairn India, the operator of nation's biggest onland oilfield, on Tuesday demanded a stable and predictable investment regime and consistency in policy to boost investor confidence.

  • Will Asia disrupt energy financing? Jul 20, 2015 09:25 AM IST

    Will Asia disrupt energy financing?

    Faced with a yawning energy deficit in years ahead and the need to protect against climate change, Asia is looking for fresh ways to finance its shift toward renewables.

  • Oil prices down in Asia as Iran deal looms Jul 13, 2015 09:24 AM IST

    Oil prices down in Asia as Iran deal looms

    A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said. US benchmark West Texas Intermediate for August delivery was down 86 cents to USD 51.88 and Brent crude tumbled 96 cents to USD 57.77 a barrel in late-morning trade.

  • India invites Canadian firms to invest in energy infra Jul 08, 2015 08:23 PM IST

    India invites Canadian firms to invest in energy infra

    India has invited Canadian firms to invest in energy infrastructure and offered to jointly underwrite large projects like LNG terminals as well as refinery and petrochemical plants.

  • Could OPEC be ready for a production hike? Jun 05, 2015 08:09 AM IST

    Could OPEC be ready for a production hike?

    The organization currently accounts for around 40 percent of global crude production and has a goal of producing 30 million barrels a day. Analysts are widely expecting no change to this target at tomorrow's OPEC meeting in Vienna but some ministers haven't ruled out an alternative scenario.

  • US shale has 'blinked' in battle against OPEC: IEA May 13, 2015 02:33 PM IST

    US shale has 'blinked' in battle against OPEC: IEA

    US oil producers appear to have lost their battle with OPEC (Organization of the Petroleum Exporting Countries) over market share, but the war is only just beginning, the International Energy Agency (IEA) warned Wednesday

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