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Singapore to tighten controls in marine fuels supply chain

High sulphur fuel oil demand to crash by 2.1m barrels per day, says IEA

The International Energy Agency (IEA) says demand for high sulphur fuel oil will drop from its present level of 3.5 million barrels per day (mb/d) to 1.4 mb/d next year...

Crude oil dips over demand concerns

World oil market is adequately supplied, says IEA

The International Energy Agency (IEA) has said oil markets look “adequately supplied for now” after a big increase in production over the last six months. It added...

Plastic waste in oceans to double by 2030

IEA: Plastic waste in oceans to double by 2030

The International Energy Agency (IEA) has a sobering warning about the health of the world’s oceans. The total amount of oceanic plastic waste is likely to more than...

Plastics to drive oil demand by 2050, says IEA

Plastics to drive oil demand by 2050, says IEA

  The International Energy Agency (IEA) on Friday said plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption...

OPEC president says oil market is correcting

Oil prices dip over possible rise in U.S. stocks

Crude oil prices took a gentle dip on Tuesday ahead of weekly data that is forecast to show a rise in United States crude inventories. However, investors’ faith in...

South Sudan boosts oil output by 70,000 bpd

US to overtake Saudi as crude oil producer

The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp...

OPEC seeks stable oil prices - President

OPEC compliance with oil cuts at lowest – IEA

The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its lowest levels in six months, as several members pumped much more...

OPEC warns of crude oil glut in 2019

OPEC compliance with oil cuts at lowest – IEA

The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its lowest levels in six months, as several members pumped much more...

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Oil, gas investment set to recover slightly – IEA

Investment in the oil and gas industry will see a tentative recovery in 2017 after an “unprecedented contraction” in 2016 and 2015 in face of stubbornly low energy...

OPEC president says oil market is correcting

Despite oil cuts, IEA predicts output will outpace demand

  Despite the oil production cuts agreed on by members and non-members of the Organisation of Petroleum Exporting Countries (OPEC), the International Energy Agency...

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Oil output to expand faster than demand in 2018

Global oil output will expand faster than worldwide demand for oil next year, primarily as US producers rack up production, and that could hamper exporters’ efforts to...

IMO - emission

Shipping lagging behind in CO2 reduction, says IEA 

The shipping industry will have to commit to more ambitious policies, and fast, if it wants to get on track with the adoption of clean technologies and meet the...