Tag: Agency
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The Energy Agency: India will lead the demand for oil globally… and China will rank second
India is expected to lead global oil demand, after it was quick to take advantage of Russian rivalries in the wake of the invasion of Ukraine. In an effort to meet the growing needs inside. This came in the words of the head of the International Energy Agency, Fatih Birol, who expected India to overtake…
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Agency: Iraqi oil exports will not exceed 3.3 million barrels per day in May
Iraqi oil exports in May 2023 are expected to remain close to last month’s levels, given the continued suspension of production in the Kurdistan Region of Iraq and exports via Turkey. Additional Iraqi oil export capacity from the southern export ports in the Persian Gulf is “limited,” a senior Iraqi oil official told S&P Global…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
