'Enormous' inventories to keep lid on oil price: IEA
'Enormous' inventories to keep lid on oil price: IEA
Paris - Arab Today
A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said Tuesday, even as supply and demand move towards balance by the end of the year.
Global demand for oil is steadily rising thanks to solid economic growth, and supply has been curbed by unexpected production cuts due to wildfires in Canada and rebel attacks in Nigeria, as well as falling US shale production, the International Energy Agency said in its monthly oil market report.
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 06:23 2019 Tuesday ,20 August
You find yourself facing new professional
GMT 09:43 2019 Monday ,19 August
Live a calm atmosphere in your career
GMT 13:03 2018 Wednesday ,05 December
Australian man arrested after podcast on 36-yr-old cold case
GMT 08:02 2018 Sunday ,14 January
Facebook joins Europol talks to fight Islamist propaganda
GMT 08:13 2017 Tuesday ,14 November
Al-Hujairi underlines importance of emotional intelligence
GMT 09:40 2018 Sunday ,09 December
Rise in temperature, partially cloudy skies
GMT 06:50 2017 Friday ,25 August
UK stands by Egypt on economic reformGMT 07:44 2012 Friday ,06 July
Elie Saab gowns outshine at Paris Fashion WeekGMT 08:49 2011 Thursday ,22 September
British woman crosses Tatar Strait by kayak
GMT 00:42 2017 Friday ,10 March
Aussie police granted power to combat gang violence during 4-day festival
GMT 12:38 2017 Thursday ,03 August
Egyptian, Greek chiefs of staff attend military drills
GMT 21:29 2014 Tuesday ,29 April
Emma Stone and Jimmy Fallon lip-synch battle on \'The Tonight Show\'GMT 07:45 2012 Monday ,05 March
Wacom Intuos5 tablet
GMT 16:41 2012 Monday ,26 November
CHANEL Mobile Art Pavillion
GMT 04:17 2013 Saturday ,12 October
Full executive powers in Syria… and in Lebanon
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor