International Energy Agency

IEA demand data weighs oil prices; U.K. inflation tamer than expected; German investor confidence ticks downward.
U.S. Supreme Court’s Puerto Rico decision bolsters bondholder case; Abu Dhabi wealth fund charges Malaysian fund.
IEA says oil supplies will continue to dampen prices; Beijing cuts oil production; Puerto Rico’s legislature faces deadline on debt deal.
Chinese equities up in second positive session in a row; Ryanair accepts offer from British Airways parent; IAE sees continued oil price slump.
Japanese industrial production weaker than initially believed; Athens and Berlin trade barbs in public as negotiations stall.
Although the cost of wind, solar and other renewable power is dropping, uncertainty about government policy could stall new projects.
The International Energy Agency recently published a report forecasting a “supply shock” created by surging North American oil production. That didn’t surprise the CIOs of the University of Michigan and Notre Dame endowments, who think this abundance will have big strategic and tactical implications for energy investors.
Exchange-traded fund investors have invested around $69.4 million in oil exchange traded commodity instruments.