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Global Natural Gas Consumption Facing ‘Historic Shock’ in 2020, with Demand Set to Fall by 4%

Global Natural Gas Consumption Facing ‘Historic Shock’ in 2020, with Demand Set to Fall by 4%

The pandemic and a mild winter in the northern hemisphere have delivered a “historic shock” to the global natural gas market, with consumption set to decline in 2020 by twice the amount lost after the 2008 financial crisis, the International Energy Agency (IEA) said Wednesday.

June 10, 2020
Lower 48 Oil, Natural Gas to Dominate Global Supply into 2020s, Says IEA

Lower 48 Oil, Natural Gas to Dominate Global Supply into 2020s, Says IEA

The United States is forecast to contribute 40% of global natural gas production by 2025 and nearly 75% of oil growth in the next six years, driven mainly by unconventional onshore supplies, the International Energy Agency (IEA) said Tuesday.

November 14, 2018
U.S Oil Production to Surpass Saudi Arabia, Rival Russia This Year, Says IEA

U.S Oil Production to Surpass Saudi Arabia, Rival Russia This Year, Says IEA

U.S. domestic crude oil production this year is likely to exceed 10 million b/d, surpassing output from Saudi Arabia and rivalling that of Russia, according to the International Energy Agency (IEA).

January 22, 2018

Gulf Coast Oil, Gas Operations ‘Too Important to Fail,’ Says IEA

The oil and gas industry is able to respond faster than it did a decade ago when severe storms hit the U.S. Gulf Coast, but the region today also is more strategic to world energy markets, which means disruptions like Hurricane Harvey have to be overcome, and quickly, the International Energy Agency (IEA) said.

September 14, 2017
OPEC Pullback Seen Continuing as U.S. Shale Oil Rebounds Sharply, Says IEA

OPEC Pullback Seen Continuing as U.S. Shale Oil Rebounds Sharply, Says IEA

Rebalancing the global oil glut is going to take more than a temporary pullback by the world’s largest producers because U.S. unconventional production is overwhelming any shortfall and coming back faster than anticipated, the International Energy Agency said.

May 17, 2017

U.S. CO2 Emissions Down 3% As Shale Gas Supply Surges, Renewables Displace Coal

U.S. carbon dioxide (CO2) emissions in 2016 fell more than anywhere else in the world, down 3% year/year, driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.

March 20, 2017
Second NatGas Market Revolution Underway As Export Market Explodes, Says IEA

Second NatGas Market Revolution Underway As Export Market Explodes, Says IEA

A more flexible global natural gas market, linked by trade doubling in exports, will lead to a second “revolution” for the industry to 2040, the International Energy Agency said in its flagship annual publication.

November 16, 2016

Global Oil and NatGas Upstream Spend Set to Decline for Unprecedented Third Straight Year

Worldwide oil and natural gas investments fell for the second consecutive year in 2015 by 8%, lifted by efficiencies, pummeled by weaker finances and squeezed by robust outlays in renewables, the International Energy Agency (IEA) reported Wednesday.

September 14, 2016
U.S. Carbon Emissions Decline 2% as NatGas Use Expands, Says IEA

U.S. Carbon Emissions Decline 2% as NatGas Use Expands, Says IEA

Global energy-related carbon dioxide (CO2) emissions, considered the largest source of man-made greenhouse gas emissions, remained flat in 2015 for the second year in a row, in part on the rising use of natural gas, according to an analysis of preliminary data by the International Energy Agency (IEA).

March 16, 2016

IEA’s Forecast of Declining U.S. Oil Gives Oomph to Prices

U.S. light tight oil (LTO) production should be on a downward slope through 2017 before an expected rebound in prices resets growth from 2018 through 2021, the International Energy Agency (IEA) said Monday.

February 22, 2016