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Oil prices are on the brink of another big crash - Business Insider

The price of oil could be set for another substantial drop following news from one of the oil industry's most respected organisations that the global supply-and-demand problem will take longer to clear than had been previously expected. "Global oil ...and more »

Oil is still sliding - Business Insider

Ilya Naymushin/Reuters TOKYO (Reuters) - Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact of a tropical storm. London Brent crude ...and more »

Wobbling Asian Demand Is A Problem For Global Oil - Forbes

Yesterday, the International Energy Agency significantly cut its forecast for global oil demand for the next two years because of a "wobbling" Asian demand for oil. The IEA, whose analyses and advice are closely watched by oil-consuming countries and ...and more »

Oil supply set to outstrip demand in first half of 2017 – IEA - Financial Times

Oil markets will take “a while longer” to rebalance as demand growth slows more than expected and Opec's near record production offsets global output cuts led by the US, the world's leading energy body said on Tuesday. “With the price of oil at current ...and more »

Renewable investment beats rising demand for first time - Climate Home

There have been huge falls in renewable energy costs. But investment is still not enough to avoid dangerous climate change, says intergovernmental agency. The cost of solar generation has fallen 60% since 2010 (Pic: Activ Solar/Flickr). By Karl Mathiesen.and more »

Saudi Arabia Ousts US as Biggest Oil Producer, IEA Says - Bloomberg

Saudi Arabia has retaken the position of the world's top oil producer from the U.S., according to the International Energy Agency. “Saudi Arabia's elevated oil production has allowed it to overtake the U.S. and become the world's largest oil producer ...and more »

Which Factors are Fueling Oil Rallies? -

In most financial market contexts, crude oil maintains its position as one of the most actively traded commodities in the world. In futures markets, light sweet crude oil is the most commonly traded futures contract, and price trends in these areas can ...and more »

Saudi Arabia just one-upped the US - Business Insider

Kevin Lamarque/Reuters Saudi Arabia just one-upped the US. The kingdom is once again the world's largest oil producer, surpassing the US, which had held the title since April 2014, according to the International Energy Agency's latest monthly report.and more »

IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017 - Bloomberg

The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said. QuickTake Oil Prices. World oil stockpiles will ...and more »

IEA warns global oil glut to last into 2017 - Financial Times

The global oil glut that has hammered prices and the budgets of many producer nations will persist into 2017, as demand growth slows more than expected and Opec keeps its taps wide open, the world's leading energy body warned on Tuesday. Weakening ...and more »