IEA

Oil prices surged during the first quarter of 2024 as the supply/demand outlook tightened and global geopolitical concerns intensified, pushing both U.S. and European benchmark crude futures to five month highs. Over the first three months of the year, Nymex West Texas Intermediate, the U.S....

Diverting shipping away from the Red Sea and Suez Canal and around the Cape of Good Hope south of Africa is beginning to impact global demand for petroleum, and it shows in the monthly report by the International Energy Agency. The IEA's report for March, released Thursday, sees increased demand...

The International Energy Agency (IEA) disclosed that the sale of electric vehicles, which accounted for one-fifth of all new cars sold worldwide last year, resulted in a notable reduction in oil demand. What Happened: The IEA’s report states that without EVs, solar, wind, and...

The latest projections from the International Energy Agency (IEA) suggest that demand for oil, gas and coal will peak before 2030. "This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people anticipated," Fatih Birol, executive director of the IEA,...

The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...

The International Energy Agency (IEA) published its annual energy outlook report Tuesday, where it explores various scenarios of energy demand in the future, government regulations, renewable energy, the Paris accord, and the COVID-19 crisis. Impact Of COVID-19 Remains Uncertain: The...

The Past Week, In A Nutshell What Happened: Last week ended negative with mega-cap and technology stocks regaining strength into week-end. Remember This: “Markets had embedded substantial optimism in early September, with the valuation of the S&P 500 at the highest level in 20 years and...

The Past Week, In A Nutshell What Happened: “It’s certainly been a wild ride for stocks in 2020,” noted researchers at LPL Financial. “Barely past the halfway point, the year has already brought the worst pandemic to hit the U.S. in over 100 years, an unprecedented...

The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%. "A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength. In fact, a quarter later stocks have been higher...

U.S. oil prices continued their freefall Wednesday, with crude prices reaching a 17-year low, down to $26.95 a barrel as the spread of the coronavirus triggers further panic in the markets. The last time oil prices were this low was in 2002. The demand for fuel is also in decline due...

Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) shareholders are concerned about the impact of global warming, and they have the chance to do something about it this week. Both companies have their annual shareholder meetings this week, and investors have the chance to vote...

While most of the talk surrounding oil in recent years has been about how low prices can go, the International Energy Agency (IEA) believes the next major price shock in coming years could be to the upside. Slumping oil prices and a massive global crude oil supply glut have lead to historic...