This surplus crude provides some relief, with Opec's spare production buffer stretched thin as Saudi Arabia - which holds the lion's share of excess capacity -- and its Gulf neighbours pump at near record rates," the IEA
is saying that "Much more resilient non-Opec supply and higher output from a stable Middle East could hold oil prices close to $50 [Dh184] a barrel until the 2020s".
Congratulations to the three winners for this prestigious recognition and a special thanks to the IEA
for their partnership in this award," added Dr.
While the price responsiveness of (US shale oil producers) was widely anticipated, the strong performance of some other sources of non-Opec supply defied expectations," said the IEA
For concentrating solar, which involves mirrors that heat steam to generate electricity, IEA
reiterated its vision for about 1,000 gigawatts by 2050 from about four gigawatts now.
The day after the IEA
said Iran's April exports were down to 1.
After the IEA
report, London Brent crude prices fell, with trading down more than a dollar a barrel, below $115 by mid-morning on Saturday.
said "countries such as Turkey and South Africa appear to have ramped up imports from Iran" despite the EU sanctions.
cited a cut by the International Monetary Fund (IMF) in its economic projections with the global economy now expected to expand by 3.
Summary: Libya could recover a quarter of the oil production cut off by the revolt against Moammar Gadhafi by the end of the year and a two thirds by the end of next year, the IEA
is a grouping of 28 major oil importing countries.
Most OPEC member states have taken the International Energy Agency's June 23 decision to release 60 million barrels from the strategic petroleum reserves of the IEA
member states, or the equivalent of 2 mb/d during the present month, to be a provocative act.