International Energy Agency news

The International Energy Agency notes that the global oil market is now adequately supplied but high oil prices should be avoided.

According to the IEA, refiners and shippers are set to rise to challenge of new IMO rules, one of biggest industry shake-ups.

Petrochemicals will outpace cars, trucks and aviation in future oil demand growth, even with ambitious efforts to promote recycling and promote greater efficiency.

Eight energy companies have committed to reducing the methane emissions from the natural gas assets.

The International Energy Agency is closely monitoring the impact of Hurricane Harvey on oil and gas markets.

The EIA’s latest report suggests that petroleum refinery capacity in the US is continuing to rise.

The IEA welcomed the Italian government’s recent decision to present a consultation document for an updated 2030 - 2050 energy strategy.

The 3rd Symposium on Gas and Coal Market Outlooks was held in Paris, with the purpose of exchanging views and comparing outlooks for natural gas and coal markets in the short, medium and long term.

The IEA has welcomed the recommendations of the Task Force on Climate-related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate change.

In December, the industry is witnessing the first proposed output cut by OPEC since 2008, which marks a major departure from the market share policy followed for the past two years.