IEA Stock Recent News

Toril Bosoni, head of the oil industry and markets division at IEA, discusses the organization's latest oil market report.

The International Energy Agency trimmed its forecast for this year's oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.

International Energy Agency Executive Director Fatih Birol discusses the outlook for global oil demand and crude prices over the coming months.

Dublin, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The "Morocco Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering. Morocco's construction industry is expected to expand by 4.7% in real terms in 2024, supported by increased Foreign Direct Investment (FDI), investment in energy, utilities, commercial, and infrastructure sectors amid the government's plans to host the 2025 African Cup of Nations and the 2030 FIFA World Cup.

Global oil demand growth is “slowing sharply” as China's economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 barrels a day in the first half of the year, barely a third of the expansion in the same period of 2023, the adviser to major economies said in a monthly report.

The latest economic data suggests at a minimum that economic growth is slowing in the U.S. and a number of other major economies around the world, which has led the IEA to predict that oil demand will grow at only 1 mb/d this year and 0.9 mb/d next year. This is well below pre-pandemic growth rates.

Oil production could be on course to outdo supply by the end of this year, the International Energy Agency has warned. Following warnings of a slowdown in global demand on weakness from China, the international agency said there could be surplus supply later this year and into next.

OPEC vs. IEA: Diverging 2024 oil demand forecasts spark market uncertainty, with OPEC's bullish outlook clashing with the IEA's cautious projections.

Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "China Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering. The Chinese construction industry is expected to expand by 4% in real terms in 2024, supported by investment in infrastructure and energy projects.

Dublin, July 25, 2024 (GLOBE NEWSWIRE) -- The "Estonia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.