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IEF in the Media

Adjacent Oil and Gas Magazine

Dr Aldo Flores-Quiroga discusses interdependency and energy security through dialogue in the foreword of the first edition of Adjacent Oil and Gas Magazine
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Energy Markets becoming more complex

Zawya
Minister Ali Al-Naimi, Petroleum and Mineral Resources Minister, talked at IEF14 about the vital importance of energy in the present world, and called for the IEF to become a full international organisation
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Support the IEF

Gulf In The Media
Petroleum and Mineral Resources Minister Ali Al-Naimi spoke at IEF14 to encourage countries to cooperate with IEF as energy markets become more complex.
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OPEC at the 14th IEF in Russia

OPEC
OPEC joined Energy Ministers, fellow global organisations and global energy firms to discuss energy security at the 14th International Energy Forum Ministerial meeting.
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IEF Letter to Forbes

In his 20 November 2012 Forbes article entitled "Is Russia the World's Largest Oil Producer? It All Depends on Whom You Ask", author Mark Adomanis compared Russian and Saudi Arabian oil production by using JODI data and data from the US Energy Information Administration (EIA).
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Iran Increased Oil Exports in January: Industry Report

CNBC reports: New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
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Mena oil investment blocked by unrest

Unrest sweeping the Middle East and North Africa (Mena) will ally with soaring costs to block investment in the upstream hydrocarbon sector while financing remains a major problem, an official report said on Sunday, reports Emirates 24|7.
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Saudi Oil Output in January Was Near 31-Year High, Data Show

Bloomberg reports that Saudi Arabia, the largest oil producer in OPEC, pumped 9.87 million barrels a day in January, its second-highest monthly output since at least 1980, official data submitted to the Joint Organization Data Initiative showed. JODI is supervised by the Riyadh-based International Energy Forum and compiles data provided by member governments.
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U.S., U.K. Discuss Possible Release of Emergency Oil

U.S. President Barack Obama and U.K. Prime Minister David Cameron have agreed to keep open discussions about a possible release of oil held in emergency stockpiles, which have been used in the past to reduce prices or compensate for a supply disruption, a U.K. official familiar with the talks said Thursday, reports the Wall Street Journal.
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U.S. satisfied with relations with Azerbaijan

Azerbaijani Industry and Energy Minister Natig Aliyev and U.S. Deputy Secretary of Energy Daniel Poneman have discussed global energy security and oil and gas projects in Kuwait, the Azerbaijani Embassy in Kuwait said on Thursday. The meeting was held within the Thirteenth International Energy Forum and Fifth International Energy and Business Forum in Kuwait City, Trend.az reports.
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No single country can ensure oil market stability: Al-Naimi

Minister of Petroleum and Mineral Resources Ali Al-Naimi said yesterday that no country or a group of countries can alone ensure the stability of the oil market. He stressed this in his speech at the 13th meeting of Ministers of Petroleum and Energy of International Energy Forum (IEF) in Kuwait, according to Saudi Press Agency.
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Al Hamili, Canadian Minister of Natural Resources discuss economic cooperation

UAE Energy Minister Mohammed bin Dhaen Al Hamili and Canadian Minister of Natural Resources Joe Oliver have expressed hopes of the UAE and Canada that security and peace would prevail in the region as they would have positive effect on stability of the world energy market. The remark was made today during the meeting of the two ministers at the sideline of the International Energy Forum (IEF), which commenced in Kuwait today.
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Oil ban aims for Iran nuclear cooperation: British minister

Sanctions imposed on Iran aim to prompt Tehran to abandon its suspected plans to develop atomic weapons, a British minister said on Wednesday, describing Iran's ambition as an "intolerable" threat. "The solution to that is in Iranian hands," he told reporters on the sidelines of the 13th International Energy Forum, AFP reports.
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Oil prices fall as IEA predicts Iran exports slump

AFP reports that oil prices fell on Wednesday as the International Energy Agency maintained its 2012 oil growth demand forecast and predicted a large drop in Iranian crude exports. New York's main contract, light sweet crude for delivery in April dipped 16 cents to $106.55 a barrel.
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Low priced-energy is passe - Dutch minister

In an interview with KUNA on sidelines of the 13rd International Energy Forum, Dutch Secretary for European Affairs and International Cooperation Ben Knapen said Wednesday that low-priced oil is a thing of the past, stressing the need for further cooperation between oil producers and consumers to secure global energy market stability.
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International energy forum winds up

The 13th International Energy Forum (IEF) concluded here Wednesday evening by producing recommendations that are anticipated to lead to a stable oil market and ensure future supplies, KUNA reports.
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South Korea Mulls Reducing Oil Imports From Iran

South Korea is considering reducing its crude oil imports from sanctions-hit Iran and is in talks with the United Arab Emirates to secure more oil-field contracts, the country's vice minister of knowledge economy said Wednesday on the sidelines of the International Energy Forum summit, Dow Jones Newswires reports.

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Riyadh can handle crude oil disruptions

UPI writes, there is a "basic assumption" that Saudi Arabia will make up the difference for the effects sanctions on Iran are having on oil markets, an analyst said. Washington is said to have the confidence that major oil producers like Saudi Arabia have the production capacity to offset any market disruptions.

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Saudi oil chief pledges to offset shortfalls

Speaking at the International Energy Forum, Saudi Arabia's oil minister said Wednesday that his country and other oil exporters are ready to offset any shortfalls in supply because of market volatility — an apparent reference to showdowns with Iran over its nuclear program, AP reports.
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South Africa plans to cut Iran oil imports

South Africa hopes to have a plan by the end of May for replacing Iranian crude that currently makes up a quarter of its crude imports, the country's energy minister told Reuters on the sidelines of the International Energy Forum in Kuwait.
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OPEC to warn of oil price spike on Iran

Top exporter Saudi Arabia and other Gulf producers say surging oil markets are beyond their control and prices could spike higher unless tensions between the West and Iran subside, Reuters reports.
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Oil supplies are sufficient and fair, says Minister

Oil supplies are considered adequate and the oil price per barrel (pb) standing at USD 100 is fair for producing and consuming countries, said Oman Oil Minister Dr. Mohammed Al-Rumhi on the sidelines of the 13th International Energy Forum that kicked off here on Tuesday, reports Kuwait News Agency (KUNA).
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Total, Kuwait's KPC sign China refinery agreement

Kuwait Petroleum Corp. and France's Total on Tuesday signed a memorandum of understanding to be partners in a Kuwait-China oil refinery joint venture, the French energy giant said. The joint venture, in partnership with China's Sinopec, will develop a refinery with a processing capacity of 300,000 barrels per day, in addition to a petrochemical complex, Total said in a statement issued on the sidelines of the International Energy Forum in Kuwait.
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U.S. asks Saudis to lift oil output from July

Reuters reports that the United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.
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International Energy Forum meets amid rising energy prices

Amid rising oil prices the International Energy Forum (IEF) will begin their biennial gathering of global energy ministers and industry leaders in Kuwait on Tuesday. The conference, which is the largest of its kind, will conclude on Thursday, writes Zachary Keck, Examiner.com.
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Clean energy requires consolidating efforts of countries - Oil minister

Speaking in his opening speech at the 13th International Energy Forum, Kuwait's Minister of Oil Hani Hussein on Tuesday stressed the importance of consolidating efforts of energy producing and consuming countries in order to guarantee saving and providing clean and secure energy to people around the world, Kuwait News Agency (KUNA) reports.
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Energy Ministers gather for IEF conference

Energy Ministers from member countries across the world have gathered for the 13th IEF conference. This year, ministers from some 80 countries are in attendance. National media have been reporting on countries’ delegations.
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Oil price volatility in focus at world energy forum

Ali Khalil, AFP reports that the world's largest energy forum begins meetings on Monday over oil price fluctuations and safeguarding supplies amid heightened tensions over Iran's nuclear programme and a softening in global growth. Oil ministers and delegates from the 88-member International Energy Forum (IEF) are holding their biennial three-day gathering in the Gulf emirate of Kuwait to discuss the role of the forum in tackling market volatility.
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International Energy Forum Begins in Kuwait

The 13th International Energy Forum was launched on Tuesday in Kuwait with the participation of more than 80 countries and the presence of more 45 ministers of oil to discuss the latest world energy issues, Qatar News Agency reports.
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Crude oil 'far from depleted'

The world will one day run out of oil, but that is of little concern to delegates at the World Petroleum Congress in Doha whose eyes are fixed on more crude discoveries and advances to prolong supplies. "To tell someone that he's going to die is not a prediction, it's a tautology. What he wants to know is when and how," Nasser al-Jaidah, chief executive of Qatar Petroleum International, said at the Congress
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India urges price-control system in oil market

Oil producers and consumers should join hands in setting up an effective system to prevent sharp increases in crude prices as this will only destroy demand and hurt both sides, India’s petroleum and natural gas minister has said.
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Back to the blame game in oil

In spite of all the skirmishes between the Opec oil producers' cartel and western countries about high prices, relations between consumers and producers have been much smoother in recent years than during the confrontational period of the late 1970s and early 1980s.
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Towards Global Energy Security - Interview with Dr. Noe van Hulst, Secretary General of the IEF

Since 1991 the global producer-consumer energy dialogue has developed through the International Energy Forum (IEF) so that it is now the world's largest gathering of energy ministers. Through the Forum and its associated events, IEF Ministers, their officials, energy industry executives, and other experts engage in a dialogue of increasing importance to global energy security.
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Experts: Oil Price Driven by Fear, Not Fundamentals

Analysts say fear, not fundamentals, is driving up oil prices. "The fundamentals of demand and supply, and spare capacity in the market, don't justify these high oil prices,” Noe Van Hulst, Secretary-General at the International Energy Forum (IEF), told CNBC.
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Oiling wheels of energy industry

Noe van Hulst, the secretary general of the International Energy Forum (IEF), has the sometimes unenviable job of coaxing energy consumers and producers to talk to each other.
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86 countries sign up to International Energy Forum's new charter, 'There should not be a fear that 2011 will be like 2008'

Given the multiple conflicting challenges faced by the global energy industry, dialogue between energy-producing countries and energy-consuming countries has never been more important. This imperative was recently recognised by the 86 member countries of the International Energy Forum (IEF), the organisation that provides the main platform for such dialogue, when they signed a new Charter at an Extraordinary IEF Ministerial Meeting
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The future of oil is getting heavier

We tend to think of heavy oil as an Alberta thing. A lot of ink gets spilled over the size, value and environmental impact of the oil sands. To be sure, the attention is warranted. But anybody convinced that heavy oil is purely a western Canadian phenomenon would do well to spend a day this week at Edmonton's Shaw Conference center, where the heavyweights of heavy oil have convened for the annual World Heavy Oil Congress
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Oilsands fuel U.S. 'bottleneck'

While the Middle East turmoil is pushing up oil prices, Alberta heavy-oil producers are facing a "classic bottleneck" with pipelines running at capacity and storage tanks in Cushing, Okla., almost full.
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IEF hails energy charter signed in Saudi Arabia

An energy charter signed in Saudi Arabia by members of the International Energy Forum lets consumers and producers talk more freely, IEF Secretary-General Noe van Hulst said. Delegates to the IEF met in Riyadh to discuss transparency and stability in the global energy market. A charter signed by 87 ministers and top IEF delegates creates an enhanced framework for dialogue between energy producing and energy consuming countries
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Oil capacity okay as price hits $US105

The head of the International Energy Forum says there is significant spare capacity in the oil market and fundamentals remain different to those during the oil price spike of 2008, despite the price of oil being above $US100 a barrel
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IEF charter aims at stability of oil market

A momentous expansion of the International Energy Forum (IEF) takes place in Riyadh on Tuesday when energy officials from more than 80 nations and leading international organizations sign a charter committed to bringing stability to global markets
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Rising oil prices heat up producer-consumer dialogue

The ministries meeting of the International Energy Forum (IEF) in Riyadh, Saudi Arabia, on the 22 February will see the birth of a new enhanced framework for dialogue between producers and consumers, IEF secretary-general Noè van Hulst tells Argus
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International energy forum to meet on Tuesday

The Ministry of Petroleum and Mineral Resources will host an extraordinary ministerial meeting of the International Energy Forum under the aegis of Custodian of the Two Holy Mosques King Abdullah to sign the forum’s charter with the participation of 90 countries, major oil producers such as OPEC countries and major consumers in the world in Riyadh on Tuesday
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