IEA says global oil markets appear to be balancing June 14, 2016 The International Energy Agency has joined the rising crescendo of voices which have said oil markets are moving towards balance. "At halfway in 2016, the oil market looks to be balancing," according to the IEA's widely watched monthly oil report released today. But this wasn't enough to lift investors' confidence, with oil prices staying below $50 per barrel. Read [...]
EMBARGOED: Scrap archaic corporation tax now to avoid another fiasco over payments, says IEA (relevant given Apple and Google?) September 1, 2016 NULL
Oil prices surge as data shows record compliance to Opec cuts are curbing crude production February 10, 2017 Production cuts by the Organisation of Petroleum Exporting Countries (Opec) and non-Opec producers in January achieved a record compliance rate of 90 per cent, the International Energy Agency today said. As the news came out that oil supplies fell by around 1.5m barrels per day (bpd) last month, benchmark Brent crude prices surged up 1.15 per [...]
IEA: Global oil oversupply to shrink “dramatically” this year May 12, 2016 The International Energy Agency expects the global oversupply of oil to shrink "dramatically" this year. In its monthly report released today, the IEA said: "We note that OECD stocks grew in first quarter of 2016 at the slowest pace since last quarter orf 2014 and in February they declined for the first time in a year." [...]
EMBARGOED UNTIL TOMORROW: Leave or remain: new report outlines two best paths to economic freedom, iea June 21, 2016 NULL
Economists slam Oxfam report on billionaires vs the world’s poorest people January 16, 2017 Economic think tanks have once again rounded on the annual global wealth distribution findings from charity Oxfam. Ahead of Davos 2017, which kicks off tomorrow, Oxfam released a report claiming that eight billionaires own the same wealth as the 3.6bn people who make up the poorest half of the world's population. The Institute of Economic Affairs [...]
British people have forgotten the perils of big government June 30, 2017 The new mantra of the people is “tax more, spend more”, at least according to the British Social Attitudes 2017 findings, released yesterday. For the first time since 2004, more Brits (48 per cent) support government increasing the tax take than support keeping it around the same level (44 per cent). Many are hailing this [...]
IEA predicts biggest non-Opec output fall in a quarter century April 21, 2016 The International Energy Agency (IEA) expects non-Opec output to fall this year by the most in 25 years. IEA chief, Faith Birol, added that low oil prices had cut investment by around 40 per cent over the past two years, particularly in the US, Canada, Latin America and Russia. In its medium-term report released earlier this month, the [...]
Santa’s naughty list could well be shorter this year as coal demand waning and growth set to stall for next five years December 12, 2016 Waning appetite from key consuming nations and swift growth in other sources of energy will stall global demand for coal over the next five years, according to the International Energy Agency (IEA). (Though maybe it's just that so few children were naughty this year that coal's no longer needed…) Coal demand fell last year for [...]