While the current focus is on declining oil prices – which hit four-year lows yesterday – the longer-term oil market picture could feature downward supply pressure and a demand surge that forces prices right back up, according to IEA’s flagship World Energy Outlook 2014. The agency cautions against allowing current supply/demand fundamentals to breed complacency.… Keep reading →
The pace of Iraq’s economic and social development going forward is largely tied to the success or failure of its energy sector goals, and in turn the degree to which the country’s oil industry can meet its aggressive targets will play a pivotal role in the global oil market over the next two decades.
The International Energy Agency has analyzed the future of Iraq’s energy industry using three scenarios – high, central and delayed – as a means of addressing the opportunities and risks facing the development of Iraq’s energy sectors. The special report entitled “Iraq Energy Outlook” is part of the IEA’s World Energy Outlook series. Keep reading →
