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  • Oil spike 2008 all over again? Not for US economy Feb 23, 2011 08:21 AM IST

    Oil spike 2008 all over again? Not for US economy

    Don't panic - that was the message from Nobuo Tanaka, the executive director of the International Energy Agency, to those who fear it's 2008 all over again as unrest in oil-producing Libya pushes crude prices back up toward the triple digits.

  • World Oil demand to hit record, OPEC boosts output: IEA Feb 10, 2011 03:45 PM IST

    World Oil demand to hit record, OPEC boosts output: IEA

    Rising OPEC production and comfortable oil stocks in developed economies should limit a further spike in oil prices despite demand hitting an all-time high this year, the West's energy watchdog said on Thursday.

  • Oil price surging on demand, Arab unrest says IEA Feb 04, 2011 08:13 AM IST

    Oil price surging on demand, Arab unrest says IEA

    Stronger oil demand from rebounding economies and concern over unrest in Arab countries have pushed crude prices above USD 100 a barrel, the International Energy Agency told the US Congress on Thursday.

  • China oil demand growth to halve, but still lead the world Feb 02, 2011 10:40 AM IST

    China oil demand growth to halve, but still lead the world

    China's oil demand growth in 2011 may slow to half of last year, as Beijing's moves to rein in excessive credit are expected to slow economic growth and energy use.

  • IEA moves to calm oil markets, says no emergency Feb 01, 2011 04:39 PM IST

    IEA moves to calm oil markets, says no emergency

    IEA moves to calm oil markets, says no emergency

  • Oil heads for 2% weekly drop, US crude below $90 Jan 21, 2011 12:09 PM IST

    Oil heads for 2% weekly drop, US crude below $90

    Oil was on track for a weekly drop of more than 2% on Friday, trading near its lowest in ten days, after US inventories rose across all categories and on speculation monetary tightening by China would restrain demand.

  • Oil near $92/bbl on weak dlr, pipeline restart caps gains Jan 19, 2011 02:13 PM IST

    Oil near $92/bbl on weak dlr, pipeline restart caps gains

    US crude rose to near USD 92 a barrel on Wednesday, boosted by a fall in the dollar to two-month lows, while Brent crude extended gains on worries over a supply crunch.

  • IEA sees oil demand growth accelerating Jan 19, 2011 08:34 AM IST

    IEA sees oil demand growth accelerating

    World oil demand growth in 2011 will be higher than initially expected but will slow significantly from last year's heady pace, the International Energy Agency (IEA) said in its monthly report on Tuesday.

  • IEA economist says oil in 'danger zone' for economy: FT Jan 05, 2011 08:15 AM IST

    IEA economist says oil in 'danger zone' for economy: FT

    Oil prices have risen into a "danger zone" that could harm the global economic recovery, the chief economist of the International Energy Agency told the Financial Times, reiterating a warning he made last month.

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