All tagged International Energy Agency

'Crucial Period' for Oil as Iran Exports Shrink: IEA

◢ Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and prices rise as exports from Iran and Venezuela decline, the International Energy Agency said Thursday. "We are entering a very crucial period for the oil market," the IEA said in its latest monthly report. "Things are tightening up."