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Tag Archives: international energy agency
Libs Need Clearer Energy Security Plan, Says ‘After the Sands’ Author
Libs Need Clearer Energy Security Plan, Says ‘After the Sands’ Author Increased oil patch ownership can help Canada meet emissions goals, says Gordon Laxer. Gordon Laxer says Canada is highly vulnerable to another oil crisis. Pipeline photo via Shutterstock. [Editor’s note: Join Dr. Gordon Laxer, political economist and co-founder of the Parkland Institute, for a free talk […]
Will declines in U.S. and Canadian oil production lead to a global decline?
Will declines in U.S. and Canadian oil production lead to a global decline? At the beginning of this year I noted that all of the growth in world oil production* since 2005 has come from two countries: the United States and Canada. And, I suggested that since the growth in production in those two countries came […]
Why Saudi Arabia’s Pursuit Of Market Share Is Self-Defeating
Why Saudi Arabia’s Pursuit Of Market Share Is Self-Defeating The Saudis are on track to sacrifice ~$100 billion in crude export revenues in 2015, or 45 percent of 2014’s ~$219 billion in crude export revenues, in pursuit of market share, the measure of success Saudi Oil Minister Ali bin Ibrahim Al-Naimi announced at the November […]
The Peak Oil Crisis: A $4 Trillion Hole
The Peak Oil Crisis: A $4 Trillion Hole Last week reporters at the Wall Street Journal sat down and did some arithmetic. They looked at how much oil was selling for in the spring of 2014 (over $100 a barrel); looked at what it is selling for today (under $50); and concluded that if prices […]
Global Cooling Alert: World Faces Longest Oil Glut In Three Decades
Global Cooling Alert: World Faces Longest Oil Glut In Three Decades The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable. Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the […]
OPEC according to the EIA
OPEC according to the EIA OPEC publishes monthly production data for all OPEC nations in their Monthly Oil Market Report. The data crude oil production only and does not include condensate. I have found the data to be highly accurate and any errors are corrected in the next month’s report or the month following that. The […]
This May Just Be The Start Of The Oil Price War Says IEA
This May Just Be The Start Of The Oil Price War Says IEA Saudi Oil Minister Ali al-Naimi may be one of the most powerful individuals in the global oil industry. After all, as the top oil official in arguably the world’s most influential oil-producing country, he has enormous influence. But for all his power, […]
Are We Witnessing The Beginning Of The End For Fossil Fuels?
Are We Witnessing The Beginning Of The End For Fossil Fuels? Bloomberg recently declared the era of fossil fuels irrevocably in decline: “The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined. And there’s no going back.” The sea change in how we power our economies officially […]
Global oil glut grows to 2 million barrels a day as OPEC pumps more
Global oil glut grows to 2 million barrels a day as OPEC pumps more International Energy Agency predicts oversupply of refined fuel, but points to rising demand Fresh data on worldwide crude production shows the global glut of oil is growing with Saudi Arabia’s production near record highs, according to the International Energy Agency. And […]
Can We Really Cut CO2 Levels By Leaving Fossil Fuels In The Ground?
Can We Really Cut CO2 Levels By Leaving Fossil Fuels In The Ground? Population growth in the world’s developing economies, particularly Africa and Asia, has been and will continue to be a primary driver of demand for energy resources into the near and distant future. As more babies are delivered into the world, they will […]
New IEA Data May Indicate A Slowdown In Rig Count Drop
New IEA Data May Indicate A Slowdown In Rig Count Drop The IEA OMR is out early this month hence April’s edition of vital statistics comes early. The March 2015 Vital Statistics is here. EIA oil price and Baker Hughes rig count charts are updated to the end of March 2015, the remaining oil production charts are updated to February […]
WTI Slumps To New Cycle Lows As Iran Supply Fears Loom
WTI Slumps To New Cycle Lows As Iran Supply Fears Loom Just a few short days ago we were the first to bring attention to the potential of an Iran nuclear deal being a catalyst for the next big leg lower in the energy complex and sure enough, not only is the market startuing to leg lower […]
IEA sees renewed pressure on oil prices as glut worsens
IEA sees renewed pressure on oil prices as glut worsens (Reuters) – Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday. The West’s energy watchdog said the United States may soon run out of spare […]
Why We Won’t See An Oil Price Rebound Yet
Why We Won’t See An Oil Price Rebound Yet The front page of The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA (International Energy Agency). Not true. The February 10 IEA Oil Market Report states that some “market participants are seeing light at the end of the tunnel” based on oil company […]
Alternate opinions: The world’s energy information duopoly comes to an end
Alternate opinions: The world’s energy information duopoly comes to an end Recent developments are beginning to undermine the supremacy of the world’s long-running energy information duopoly and its perennially optimistic narrative. Policymakers, investors and the public should take heed. Until now most energy price and supply forecasts and analyses were based predominately on information from […]
