INTERNATIONAL ENERGY AGENCY
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FOREIGN POLICY
US petroleum reserve plunges to 40-year low, sparking alarm over energy security
The Trump administration has drained America’s Strategic Petroleum Reserve (SPR) to its lowest level in over four decades.
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BUSINESS
‘OPEC production still at record levels’
The International Energy Agency says OPEC members keep pumping oil at record levels despite agreements to curb production.
BUSINESS
Oil price recovery expected in 2017: IEA
A new report by the International Energy Agency says global oil prices will gradually start to improve next year, though at a slow pace.
BUSINESS
‘Oil prices set to fall further in 2016’
The chief executive of Britain’s BP has warned that oil prices are set to fall to record lows in 2016.
BUSINESS
‘Oil supply glut to stay the course’
The IEA has predicted that oil markets will remain oversupplied at least until the end of 2016.
BUSINESS
Global oil demand to grow slowly in 2016
The International Energy Agency says global demand for crude oil will grow slowly in 2016.
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