News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
27
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Crystal
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
27
o
South
26
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Swift Saudi recovery returns oil markets to "business as usual" - IEA
Breaking Headlines
11-10-2019 | 05:02
High views
Share
Share
2
min
Swift Saudi recovery returns oil markets to "business as usual" - IEA
Global oil markets have quickly recovered from attacks on Saudi oil facilities last month and even face oversupply next year as global demand slows, the International Energy Agency said on Friday.
Saudi Arabia, the world's top oil exporter, has swiftly ramped production back up after the greatest single outage to global supply in modern times, the IEA said.
"Oil markets in September withstood a textbook case of a large-scale supply disruption," the Paris-based agency said in a monthly report, in a section headed "Business as usual".
"Prices fell back as it became clear that the damage, although serious, would not cause long-lasting disruption to markets."
The kingdom took just 11 days to restore lost output, though average supply there tanked by 770,000 barrels per day to just over 9 million bpd in September - the lowest level since 2011.
However, troubled economic prospects for 2020 prompted the IEA to reduce its forecast for oil demand growth by 100,000 bpd to a "still solid" 1.2 million bpd.
Rising supply growth from the United States, Brazil and Norway would help reduce the demand for OPEC crude to 29 million bpd next year, the IEA said, which could prompt the exporter group to keep restraining supply in 2020.
REUTERS
Breaking Headlines
Saudi Arabia
IEA
Oil
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
2025-05-26
Kremlin says Putin defending Russia, after criticism from Trump
World News
2025-05-26
Kremlin says Putin defending Russia, after criticism from Trump
0
World News
2025-04-11
UN to cut humanitarian operations office staff by 20%
World News
2025-04-11
UN to cut humanitarian operations office staff by 20%
0
News Bulletin Reports
2025-06-04
Overcrowded and overlooked: Lebanon's prisons at breaking point
News Bulletin Reports
2025-06-04
Overcrowded and overlooked: Lebanon's prisons at breaking point
0
Middle East News
2025-06-13
Israel's Netanyahu says he expects 'several waves of Iranian attacks'
Middle East News
2025-06-13
Israel's Netanyahu says he expects 'several waves of Iranian attacks'
Videos
d-none hideMe
0
Lebanon News
13:39
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
13:39
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
10:24
Lebanon drafts reply to US demand for Hezbollah to disarm: Sources tell Reuters
Lebanon News
10:24
Lebanon drafts reply to US demand for Hezbollah to disarm: Sources tell Reuters
2
Lebanon News
07:17
MEA adjusts flight schedule for July 2, 3, and 4 due to operational reasons
Lebanon News
07:17
MEA adjusts flight schedule for July 2, 3, and 4 due to operational reasons
3
Lebanon News
05:58
Lebanon’s FM says better Syrian economy will benefit Beirut
Lebanon News
05:58
Lebanon’s FM says better Syrian economy will benefit Beirut
4
News Bulletin Reports
13:10
Tense session: Lebanese Parliament passes key loan agreements and military grants
News Bulletin Reports
13:10
Tense session: Lebanese Parliament passes key loan agreements and military grants
5
Lebanon News
05:43
Parliament approves grant for active and retired military personnel
Lebanon News
05:43
Parliament approves grant for active and retired military personnel
6
News Bulletin Reports
12:58
Border situation: Rumors of foreign militants on Lebanon's border dismissed
News Bulletin Reports
12:58
Border situation: Rumors of foreign militants on Lebanon's border dismissed
7
Lebanon News
02:51
Child injured in Israeli airstrike near Jabal el Ahmar, health center reports
Lebanon News
02:51
Child injured in Israeli airstrike near Jabal el Ahmar, health center reports
8
Lebanon News
05:06
Quorum secured as 65 MPs arrive for Tuesday's session
Lebanon News
05:06
Quorum secured as 65 MPs arrive for Tuesday's session
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More