IEA Oil Industry and Markets Head addresses the strength and prospects of recent price rally

Oilprice.com, 1 May 2016

“World oil demand could well reach 100 mb/d by 2020 and it will continue rising for many years to come!” So IEA Oil Industry and Markets Head Neil Atkinson told the market analysis website Oilprice.com in an interview that focused on the recent rally in oil prices. “At the IEA we focus on the fundamentals of supply and demand,” he added, “and they currently point to a tightening of the market in late 2016.” 

Executive Director sees oil markets rebalancing over next year

Reuters, 21 April 2016

After briefing Prime Minister Shinzo Abe and other top Japanese officials in Tokyo on the economic implications of low oil prices, IEA Executive Director Fatih Birol told reporters that all the fundamentals – demand, supply, stocks – indicate that oil markets should rebalance later this year or in 2017, barring a major economic downturn. Besides reporting his comments, the news agency Reuters focused subsequently on their effect on oil trading.

Just some of the extensive news coverage for the April Oil Market Report

Various, 14 April 2016

The April issue of the IEA Oil Market Report generated hundreds of headlines around the world:

• Reports from Bloomberg and Agence France-Presse among other news services focused on the OMR’s outlook that the global oil market will “move close to balance” in the second half of this year.
• Articles from Reuters, BBC, CNN and others highlighted that the report’s views on a possible deal among oil producers to freeze output.
• Finally, the Indian newspaper Livemint as well The International Business Times zeroed in on the OMR finding that India may soon overtake China as the top driver of demand growth for oil.

“Uncork the champagne”: IEA announcement on energy-related carbon emissions receives intense coverage

Various, 16 March 2016

From China to Britain, Australia to Russia, and Germany to Guatemala, news media hailed the IEA’s announcement of stalled energy-related CO2 emissions for the second consecutive year.

Besides reports by Agence France-Presse, Bloomberg, Reuters, Xinhua and other news agencies, the announcement was on the front page of The Financial Times and featured in newspapers worldwide, including The Economic Times of India, Hurriyet and The Washington Post. “This decoupling of emissions from prosperity is cause for gratitude,” wrote The Christian Science Monitor’s editorial board. The magazines The Economist, Fortune, MIT Technology Review and Scientific American also reported the news, as did online news services including Carbon Pulse, Grist (whose article opened with the call for some bubbly), Mashable, PV-Tech and Quartz and a host of blogs like those of Climate Group and the Union of Concerned Scientists.

Guardian article lists IEA among “top 10 sources for international development research”

The Guardian, 15 March 2016

The IEA statistics webpages are featured second among the top 10 "gems which make international development research better, easier and more productive" in an article in The Guardian. "The IEA provides excellent data on how each country produces and consumes energy," according to the list compiled by Joseph Holden, a consultant in international development. "Its energy statistics report is excellent, as is its energy atlas data tool."

IEA Oil Market Report for March receives extensive press coverage

Various, 11 March 2016

News organisations around the world reported on the finding in the IEA Oil Market Report for March that oil prices “might have bottomed out”. Agence France-Presse, Bloomberg and Reuters among many other news services covered the report, as did the BBC and CNBC. Several quoted the report’s statement that market forces are “working their magic and higher-cost producers are cutting output … but we cannot be precisely sure when in 2017 the oil market will achieve the much-desired balance”. 

IEA in the news by year