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Posts Tagged ‘International Energy Agency’

Oil Prices Drop After IEA Warns Production Freeze Is "Meaningless"

A deal among some OPEC producers and Russia to freeze production is perhaps “meaningless” as Saudi Arabia is the only country with the ability to increase output, a senior executive from the International Energy Agency (IEA) said. It’s more some kind of gesture which perhaps is aimed … to build confidence that there will be stability in oil prices.

OPEC Is Winning The Oil Price War Says IEA

The Saudi-led OPEC strategy to defend market share regardless of price appears to be having the intended effect of driving out costly, ‘inefficient’ production. That is because non-OPEC supply is contracting while OPEC is keeping production elevated. Low oil prices are “closing down high-cost production from Eagle Ford in Texas to Russia and the North Sea.

North American Crude Oil Production Remains Strong

A massive build-up of crude oil inventories is seen in the US, to levels never seen in recent history. The International Energy Agency has even warned that the US will run out of storage soon. Why do producers continue to pump at low prices? It seems that at that point someone will have to finally stop pumping crude oil out of the ground.

Could an Energy Bust Trigger QE4?

The bright spot for US over past few years has been the surge in energy production, called the “American Energy Revolution”. I believe oil headed higher because the Fed was printing money. Why is it that oil started falling when the mass of analysts came to believe the Fed would finally tighten? So oil now needs QE4 for higher prices again.

Oil Limits And The Economy - One Story; Not Two

Does GDP growth lead to more oil & energy demand or does the availability of cheap oil & other types of energy power the economy? Oil & other forms of energy are used to power the economy. Historically, rises and falls in the use of oil & other types of energy have tended to parallel GDP growth.

The Golden Age of Gas, Possibly: Interview with the IEA

International Energy Agency (IEA) – The global energy authority believes that this age of gas can be golden & that unconventional gas can be produced in an environmentally acceptable way. The potential for a golden age of gas comes along with a big “if” regarding environmental & social impact.

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