While OPEC countries as a whole have broadly implemented cuts, Iraq has achieved a compliance rate of only 55% so far this year (Photograph: Getty Images) More »»
Oil includes crude oil, condensates, natural gas liquids, refinery feedstocks and additives, other hydrocarbons (including emulsified oils, synthetic crude oil, mineral oils extracted from bituminous minerals such as oil shale, bituminous sand and oils from CTL and GTL) and petroleum products (refinery gas, ethane, LPG, aviation gasoline, motor gasoline, jet fuels, kerosene, gas/diesel oil, heavy fuel oil, naphtha, white spirit, lubricants, bitumen, paraffin waxes and petroleum coke).
Offshore discoveries and new starts have been particularly hard hit by the industry’s slowdown (Photograph: GettyImages) More »»
New five-year forecast sees little spare capacity by 2022 More »»
Latest data show oil sector investment declined in 2015 and 2016 More »»
The IEA makes much of this information and analysis available to governments, industry and the public in its monthly Oil Market Report, through the associated Monthly Oil Data Service and, twice per year, in the Medium Term Oil Market Report (MTOMR).
For more information on oil and gas emergency policies in individual IEA member countries, click here.
The IEA follows short- and medium-term developments on the international oil market to help member governments respond promptly and effectively to changes in market conditions. The IEA prepares current oil market assessments from information submitted by IEA member and non-member countries, international oil companies and via an extensive network of market intelligence contacts. Issues covered include: oil exploration and production, oil demand by main product and sector, upstream and downstream investment levels, geopolitical developments, inventory levels, oil refining and international trade in crude and products.