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International Energy Agency

International Energy Agency latest

OPEC is still urging oil suppliers outside the group to fulfil their commitments to cut output. (File photo)
February 14th, 2017 - 05:34 GMT

Saudi oil production reaches lowest level in eight years

The level of Saudi cuts in January shows that the Kingdom went beyond its OPEC obligations under a deal cut last year to balance world markets.
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The steady surge in Saudi output is the result of an adamant Riyadh oil policy against low oil prices. (File photo)
September 15th, 2016 - 10:00 GMT

Saudi Arabia surpasses the US to become world's largest oil producer

The International Energy Agency is now looking for a drop in oil demand in Saudi Arabia for all of 2016. (File)
August 1st, 2016 - 07:00 GMT

Saudi Arabia oil consumption slows

Cost competitiveness has improved in recent decades, allowing nuclear technology to become a serious component of energy diversification strategies. (File photo)
July 18th, 2016 - 06:00 GMT

Fiscal constraints hamper nuclear energy projects in MENA: Apicorp

A US found that integrating solar power into the grid is complex because, utility system operators would need to favor one source of supply over the other to maintain market balance. (Shutterstock)
June 16th, 2016 - 01:03 GMT

Renewable energy costs could drop by up to 59 percent in five years: IRENA

 The rebalancing of the market may be delayed if halted supplies in Canada, Nigeria and Libya are able to restart, according to the IEA. (Shutterstock)
June 15th, 2016 - 05:20 GMT

IEA predicts oil market balance in 2017

Kuwait’s Deputy Foreign Minister Khaled Jarallah said Saturday the market could not support a production increase from Iran, adding oil exporting countries must freeze output. (File photo)
May 16th, 2016 - 11:03 GMT

Kuwait calls on Iran to join oil production freeze plan

Al Bawaba
January 17th, 2016 - 05:32 GMT

Iran fulfills nuclear deal obligations, UN lifts sanctions

Al Bawaba
December 14th, 2015 - 06:30 GMT

Gulf stocks take a tumble with oil at seven-year low

Al Bawaba
November 23rd, 2015 - 11:03 GMT

OPINION: Is the market really flooded with surplus oil?

Al Bawaba
November 15th, 2015 - 09:00 GMT

Russia, Iran and OPEC battle for European oil market share

Experts said the Emirates 2016 budget was a positive initiative, bringing the country in the right direction.
October 27th, 2015 - 05:55 GMT

Business community welcomes UAE's deficit-free budget

Al Bawaba
October 15th, 2015 - 05:01 GMT

Iran supports Indonesia's return to OPEC

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