"OECD [Organisation for Economic Co-operation and Development] demand growth continues to be stronger than expected, particularly in Europe and the U.S.", the IEA said, adding that hurricanes Harvey and Irma are projected to slow USA oil demand growth in the third quarter.
That was largely tied to solid gains in crude oil, sparked by signs of reduced global production.
Adding to the buying pressure in oil futures, earlier on Wednesday the International Energy Agency reported that OPEC's output shrank in August, leading to a decline in global supplies.
Nevertheless, the IEA said it was cautious about the extent of any post-recovery rally, saying that "expectations are that markets are tightening and that prices will rise, albeit very modestly".
Brent crude was up 32 cents, or 0.6%, at $54.59 U.S. a barrel by mid-morning Wednesday, while U.S. West Texas Intermediate was up 54 cents, or 1.1% at $48.77 U.S. a barrel.
US commercial crude storage levels skyrocketed by 5.9 million barrels last week in the aftermath of Hurricane Harvey as refinery shutdowns prevented much of the nation's new oil production from being processed.
Crude oil imports meanwhile averaged 6.5m barrels per day last week, down by 603,000 barrels per day from the previous week. Gasoline stockpiles were down 8.4 million barrels for the week, while distillate stockpiles fell 3.2 million barrels, according to the EIA. As of 2:00 p.m. EDT Tuesday, the U.S. Energy Department said four refineries in the Gulf Coast were still closed because of issues associated with Harvey, representing about 4 percent of the total U.S. refining capacity.
Adams' organization released a report Monday finding hundreds of noncitizens registered to vote in 11 counties in New Jersey. During the meeting , Maine's Secretary of State, Matthew Dunlap, also pushed back against Kobach's voter fraud accusations.
Were it not for Chargers cornerback Casey Hayward's sudden butterfingers, a first-quarter throw might have gone the other way. He closed out the Broncos' fourth possession with a 1-yard scoring jaunt around Chargers star defensive end Joey Bosa .
According to 38 North , satellite images suggested the nuke test resulted in landslides occurring at the Punggye-ri test site. And on September 12, South Korea conducted a military exercise to improve its ability to fire cruise missiles at North Korea.
The interception led to a Pappanastos 22-yard field goal, pushing the Tide lead to 34-3 with 7:08 left in the game. Alabama fans got a glimpse of the future, but the present is still very much the Jalen Hurts show.
Johnson threw a straight right hand that landed just behind the ear of Martins, knocking him out cold at:49 of the third round. Following the loss, Clarke announced his retirement from the UFC in his post-fight interview with Joe Rogan.
Most Senate Democrats have said they won't support a tax bill that cuts taxes for people in the top 1 percent of income. Mnuchin did not give an exact number but rather emphasized that getting tax reform done is much more important.
US inventories data will be closely watched over the next two days amid uncertainties over the impact of recent hurricanes. Production had been on the rise over the summer, raising concerns OPEC's deal to cut output wasn't working.
Peter Stoger's side finished a strong fifth in the Bundesliga last season, albeit 13 points behind fourth-placed Hoffenheim. Rob Holding and Alex Iwobi will be in the frame, whilst the ever impressive Reiss Nelson should be in the squad.
Mexico, which sent brigades to New Orleans after Hurricane Katrina, first offered to send help to Texas on August 27, when Mr. Mexico had pledged to offer food, generators and medical aid to Texas "as good neighbours should always do in trying times".
Lemar wants to play in the Champions League, which Manchester United and Liverpool are competing in. That could well happen with Thomas Lemar but the vice-president doesn't seem to mind.
India, Japan to work closely on connectivity
On Thursday, PM Modi and his Japanese counterpart will hold the 12th India-Japan Annual Summit, at Mahatma Mandir in Gandhinagar. According to clerics at the mosque, PM Modi explained the history and importance of the mosque to Mr Abe.
Irma kills Guyanese in British Virgin Islands
The announcement came as Boris Johnson travelled to the Caribbean to visit the British overseas territories battered by Irma. She also said that the leaves could have been dried out by salt that was whipped onto the island when the storm hit.
Strong winds and heavy rains to batter northern UK
Wales and the southwest will bear the brunt tomorrow before central and northern England move into the firing line on Tuesday. On Sunday, Met Éireann issued a similar Status Yellow warning with Mayo, Donegal, Sligo and Leitrim included on the list.
Hospital on lockdown following active shooter incident
Dartmouth College, an Ivy League school, announced that classes have not been cancelled and the campus is operating normally. The hospital issued a "code silver" alert to employees, which alerts the possibility of somebody being violent with a weapon.
Google Takes Fight Over Record Antitrust Fine to EU Courts
These concern the contracts for its AdSense advertising service and the licensing of its Android mobile phone operating system. The Commission is reviewing its Google Shopping decision in light of the ECJ's Intel ruling, according to Reuters .