Oil Futures Brought Up by Hurricane Isaac, IEA Strategic Reserves Update
The Wall Street Journal reported that oil futures gained following the announcement that the International Energy Agency is unlikely to release strategic oil reserves and news that Hurricane Isaac has...
View ArticleOil Drops as IEA Lowers Global Demand Expectations for 2012 and 2013
Bloomberg reported that the price of oil dropped after the International Energy Agency reduced its outlook for global oil demand by 100,000 barrels per day for 2012 and 2013. The organization...
View ArticleIranian Oil Exports Down, Could Drop Lower
Reuters reported that data from the International Energy Agency shows that Iran's oil exports fell to 860,000 barrels per day in September, a new low. If Western sanctions continue, the country's...
View ArticleOil Market Update (November 27, 2012)
A brief overview of oil price developments, supply and demand and significant market movers.Continue reading...
View ArticleOil Market Update (January 22, 2013)
A brief overview of oil price developments, supply and demand and significant market movers.Continue reading...
View ArticleIran Oil Exports to Asia Falls, Shipments to Drop 12% in 2013 on US Sanctions
Reuters reported that Iran’s crude exports to Asia, which is its biggest customer, went down by a quarter in 2012 and shipments are expected to fall to at least 12% this year due to pressure from US...
View ArticleIran Faces Oil Trade Difficulties as United States Increase Sanctions
Bloomberg reported that Iran is now dealing with another obstacle for its oil export. With the United States imposing the penalty of expulsion, Iranian crude buyers will be restricted to using their...
View ArticleOil Outlook: Oil Demand Set to Grow in 2014
Demand and production increases are common themes in the outlook for oil in 2014. Continue reading...
View ArticleOil Demand Growth Weakest Since 2009
The International Energy Agency says oil demand will expand at the slowest pace since 2009 this year as global economic growth falters.Continue reading...
View ArticleOil Price Continues to Plunge, IEA Cuts Demand Forecast
The agency blames the oil boom in the United States, higher output from OPEC and lower worldwide demand for oil's poor performance. Continue reading...
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