IEA sees oil market supply fundamentals easing; Saudi Arabia says it is pumping 10 million bpd; U.S. crude stocks up 2.79 mln bbls; distillate, gasoline falls; Iran to offer new proposals at this weekend's nuclear talks
April 12, 2012 3:20
Global oil demand will grow by less than 1 percent in 2012, the International Energy Agency (IEA) said on Friday, cutting its oil growth demand forecast for a sixth consecutive month due to a weak global economy.
February 11, 2012 6:13
Mild weather in the northern hemisphere this winter and a rising likelihood of a sharp economic slow-down are expected to lead to lower global oil demand growth in 2012, the International Energy Agency said.
January 18, 2012 1:49
As global gas suppliers call for the end of subsidies, the region could see a 75 percent increase in gas prices. For now, prices are still lower than competing buyers.
October 5, 2011 12:52