Tag / Iea

Subscribe

Iea

IEA Expects Global Natural Gas Demand to Drop on Ukraine War Market Disruptions

IEA Expects Global Natural Gas Demand to Drop on Ukraine War Market Disruptions

Global natural gas demand is likely to decline this year due to high prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency (IEA).  The IEA revised this year’s forecast for natural gas consumption growth in its latest quarterly report to slightly below zero from its previous estimate in…

April 18, 2022
U.S. Oil Production Holds at 2022 High; IEA Says Covid Cuts Global Demand Outlook

U.S. Oil Production Holds at 2022 High; IEA Says Covid Cuts Global Demand Outlook

Demand for petroleum products dropped last week amid lofty prices while U.S. producers held output at the highest level so far in 2022, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. production for the week ended April 8 held even with the prior week at 11.8 million b/d — after hovering around 11.6 million…

April 14, 2022
Robust Global Oil Demand Forecast Despite Omicron, Though Supply Outlook Mixed

Robust Global Oil Demand Forecast Despite Omicron, Though Supply Outlook Mixed

Even as the Omicron variant of the coronavirus spreads rapidly and threatens to at least stall travel and economic activity, forecasters are sticking to bullish expectations for demand in the year ahead while eyeing potential supply challenges. Brent crude, the international benchmark for oil prices, eclipsed $88/bbl in Wednesday trading, reaching a high last seen…

January 19, 2022
Canadian Government Urged to Decarbonize Oil, Natural Gas Industry

Canadian Government Urged to Decarbonize Oil, Natural Gas Industry

The International Energy Agency (IEA) is urging the Canadian government to require “deep decarbonization” in the country’s oil and natural gas industry.  “Global markets will progressively demand cleaner fuels and will discriminate in favor of more carbon-competitive products,” said the global energy watchdog in a 261-page report. “Canada is the fourth largest producer of oil…

January 19, 2022
IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

The International Energy Agency (IEA) is urging the Canadian government to require “deep decarbonization” in the country’s oil and natural gas industry.  “Global markets will progressively demand cleaner fuels and will discriminate in favor of more carbon-competitive products,” said the global energy watchdog in a 261-page report issued on Thursday. “Canada is the fourth largest…

January 13, 2022
Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
IEA Sees Continued Oil Market Tightening as Inventories Well Below Five-Year Average

IEA Sees Continued Oil Market Tightening as Inventories Well Below Five-Year Average

The International Energy Agency (IEA) expects continued tightening of the global oil market this month, driven by factors on both the supply and demand sides of the equation. In its latest monthly Oil Market Report, the global energy watchdog said it now expects global oil demand to rise by 5.2 million b/d this year, and…

September 15, 2021
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

September 9, 2021
Listen Now: NGI’s Hub & Flow Spotlights Hydrogen’s Promise in Latin America

Listen Now: NGI’s Hub & Flow Spotlights Hydrogen’s Promise in Latin America

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI Senior Editor Christopher Lenton is joined by the International Energy Agency’s (IEA) Mariano Berkenwald to discuss the hydrogen opportunity in Latin America.  Having recently published a report with the IEA about how low-carbon hydrogen can play a big…

August 24, 2021
Delta Variant Pressuring Oil Demand, Possibly Hampering U.S. Natural Gas

Delta Variant Pressuring Oil Demand, Possibly Hampering U.S. Natural Gas

The Covid-19 Delta variant could dampen global oil demand and threaten U.S. natural gas activity if the rapid spread of the virus continues into the fall. In the United States, overall case totals and hospitalizations remain lower than the highs reached last winter before vaccine campaigns were widespread. However, reported infections are on the rise…

August 24, 2021
‹ Previous 1 2 3 4