IEA

The International Energy Agency has raised concerns that global oil stockpiles could fall to unusually low levels before peak summer demand arrives. The International Energy Agency (IEA) has cautioned that continued declines in global…

The International Energy Agency (IEA) has reaffirmed that Nigeria’s abundant natural gas resources hold the potential to significantly reduce Africa’s enormous electricity access gap, where an estimated 600 million people across the…

Oil prices edged higher, on Thursday, after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing a surge in imports. Although mounting coronavirus cases globally capped gains. Brent crude oil…

The financial rise of Elon Musk, CEO of Electric Vehicle maker, Tesla as the world's richest person with a net worth of over $185billion is expected to be a major headache for fossil fuel companies, that are now overwhelmed by growing…

 The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight.…

TAYO ELEGBEDE Crude oil dominated the energy supply market for 45 years, accounting for 31.6% of the global total energy supply in 2018, a report by the International Energy Agency (IEA) has revealed. The IEA, in its 23rd edition of…

Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. Data showed U.S. retail…

Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels per…

World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away. The head of the Federal Reserve quashed talk of U.S. interest rates going…

Global oil demand growth is expected to remain subdued, with the economy weakening and buffeted by US-China trade tensions, the International Energy Agency (IEA) said Thursday. “International trade relations have further deteriorated in…