Organisation for Economic Co-operation and Development (OECD)

IEA cuts global oil demand for 2009 and 2010

The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the…

Natural gas: a story of surplus

Oversupply in the natural gas market looks set to keep prices soft in the near term. Pauline McCallion speaks to the experts about the price outlook for this year and next and what that means for the arbitrage with oil

China secures big Angola oil deal

Chinese oil refining, producing and trading company China Petroleum and Chemical (Sinopec) has acquired deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec, in a bid to further secure its diverse portfolio of oil import security.

IEA revises China oil outlook for 2010

The International Energy Agency (IEA) has revised its global oil demand forecast for the second time this year, following a double digit upwards surge in China’s year-on-year apparent oil demand in January.

BAML: Iraq poses risk to oil outlook

Iraq poses a risk to oil market outlook as the country may not fulfil output expectations in the shorter term, says Bank of America Merrill Lynch (BAML). However, the prospect of a huge increase in oil production may still maybe able to keep prices under…

China forces IEA to boost oil demand forecast

Higher-than-expected demand from China and other Asian countries has forced the International Energy Agency (IEA) to revise up its global oil demand forecast for 2010 by 120,000 barrels a day (b/d) to 86.5 million b/d.

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