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IEA: China is close to a “Golden Age” of natural gas
China is set to enjoy a “Golden Age” of natural gas since its demand for natural gas is expected to nearly double within five years, according to a report released by the International Energy Agency.
read more... 12/06/2014
Daily: U.S. crude oil jumps to about 6-week high on stronger gasoline demand
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
France’s energy future relies on nuclear
France’s first nuclear power plant has opened in 1964 and since then France has become a primarily nuclear-powered country, with nuclear representing 78.8% of its electricity generation. According to the IEA it exports about 42 billion kWh of electrical energy per year, being the world's largest net exporter of electricity due to its very low cost of generation, while gaining over EUR 3 billion per year from this.
read more... 28/01/2014
IEA encourages Europe to increase shale gas output
The International Energy Agency (IEA) is encouraging Europe to boost its shale gas output, being concerned about high prices of European gas, suggesting Brussels to minimize the activity of energy-intensive industries such as cement and steel, while trimming the subsidies for green energy.
read more... 27/01/2014
IEA: oil demand worldwide to grow considerably in 2014
According to IEA report, global oil demand in 2014 would grow at a faster rate than in 2013 thanks to accelerating world economic growth. The International Energy Agency issued a report according to which economic recovery in the advanced economies is probable to boost global oil demand.
read more... 12/12/2013