Thursday 2 October 2014
 
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IEA

Increase in Iran oil storage to increase export flexibility

A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said.   The US and the European Union have impose

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Oil hits two-year low below $97 as supplies build

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.

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Global renewable energy expansion to slow to 2020: IEA

Last year power capacity from sources such as wind, solar or hydro expanded at its fastest pace to date, putting renewables on a par with natural gas at almost 22 per cent of global electricity generation.   Howe

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Oil market well supplied despite conflicts: IEA

Huge rises in oil production from North America are keeping oil markets increasingly well supplied, the West's energy watchdog said on Tuesday, suggesting oil prices are unlikely to rise much soon despite conflicts near key oil producing are

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US must decide on crude export ban: IEA chief

The United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday.

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Opec oil demand to shoot up in 2014: IEA

The Organisation for Petroleum Exporting Countries (Opec) will have to produce a million barrels per day (bpd) more oil on average in the second half of 2014 to balance the global market, which will see a steep seasonal spike in demand, the West

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Iran's oil exports fall second month in April

Iran's oil exports dropped for a second month in April, the International Energy Agency said, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme. Global imports of Iranian

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Iran's oil exports surge above West's sanctions cap

Iran's crude oil exports have surged to their highest in 20 months, far exceeding a 1 million barrel-per-day limit set by the West under an interim deal on curbing Tehran's nuclear program. The International Energy Agency&

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Robust demand tightening oil market: IEA

Stronger-than-expected demand has drained oil inventories to the lowest level since 2008, tightening the market and defying predictions of a glut, the West's energy watchdog said on Thursday. The International Energy Agency (I

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Oil reaches $108, IEA says demand to accelerate

Oil rose to touch $108 a barrel on Tuesday after the International Energy Agency (IEA) raised its forecast for global oil demand this year, citing accelerating economic growth. The West's energy watchdog said world oil consump

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