Sun, 19 May 2013 21:47:19 CDT reuters.com
The IEA last week forecast an 8 percent growth in world oil demand on aggregate between 2012 and 2017, while supplies outside the Organization of Petroleum Exporting Countries are expected to rise 10 percent.
Thu, 16 May 2013 17:45:24 CDT automotive-fleet.com
The International Energy Agency (IEA) has released its annual Medium-Term Oil Market Report (MTOMR) . It notes the primary new sources of oil in the U.S. are light tight oil (LTO, oil from shale or tight sandstone formations) and oil sands in Canada.
Tue, 14 May 2013 19:05:47 CDT theglobeandmail.com
Most of the increase will come from in situ projects, though the start-up of Imperial Oil Ltd.'s Kearl mining operation will be a significant factor.
Tue, 14 May 2013 12:45:33 CDT reuters.com
Europe faces higher fuel costs than the United States and China for the foreseeable future and therefore needs to reconsider its reliance on energy-intensive industry, the chief economist of the International Energy Agency said.
Tue, 14 May 2013 11:23:14 CDT cnn.com
In its latest report, the Paris-based IEA forecasts that North America's oil supply will grow by nearly 4 million barrels per day between 2012 to 2018, amounting to nearly 50% of global output growth over that period.
Tue, 14 May 2013 04:58:38 CDT bloomberg.com
The U.S. shale boom will send "shockwaves" through the global oil trade over the next five years, benefiting the nation's refiners and displacing OPEC as the driver of supply growth, the IEA said.
Tue, 14 May 2013 04:06:47 CDT france24.com
A Consol Energy gas drilling rig explores the Marcellus Shale outside Waynesburg, Pennsylvania last year.
Tue, 14 May 2013 03:21:39 CDT bloomberg.com
Further displacement of oil as the leading transport fuel is being held back by the need for "substantial" infrastructure, the IEA said in its medium-term oil-market report, published today.
Tue, 14 May 2013 03:21:08 CDT bloomberg.com
Non-OPEC supplies are forecast to grow to 59.3 million barrels a day in 2018 from 53.3 million last year, or 1.9 percent a year, the Paris-based energy adviser said in its medium-term oil market report today.
Tue, 14 May 2013 03:20:58 CDT bloomberg.com
OPEC's spare crude oil production capacity will surge 25 percent in the next two years as rising U.S. shale output crimps demand for the group's supplies, the International Energy Agency said.