International Energy Agency

IEA Chief Says Oil Price Bottoming Depends on Global Growth

By Osamu Tsukimori KITAKYUSHU, Japan, May 1  – International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crude reaching $48.50 a barrel on optimism that

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IEA Expects Limited Impact From Oil Output Freeze at Doha

By Dmitry Zhdannikov LONDON, April 14 – A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to re-balance before 2017, the International Energy Agency (IEA) said on Thursday. The IEA, which oversees the energy policies of industrialized nations, said even though

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