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Daily: Brent and U.S. crude oil futures drop on increasing inventories
Brent crude oil futures declined on Wednesday on large volume of U.S. crude inventories, a stronger dollar and a forecast from IEA that oil demand is expected to ease. Meanwhile, Brent dropped by $1.13 a barrel to settle at $108.52, below its 200-day moving average of $109.37, a technical support level monitored by traders.
read more... 14/03/2013
IEA: Asia to become the second largest gas hub in the world by 2015
Asia could become the second-largest natural gas hub in the world after North America by 2015, according to a report released by the International Energy Agency (IEA).
read more... 27/02/2013
IEA: Coal to overtake oil as leading energy source by 2017
Coal is expected to surpass oil as the world’s top fuel in the next five years, according to a report issued by the International Energy Agency (IEA), posting a threat of more greenhouse gases injection into the atmosphere than ever before.
read more... 21/12/2012
IEA: U.S. could be self-sufficient in gas by 2035
U.S. natural gas production is likely to increase by about 29% from 21.6 trillion cubic feet in 2010 to 27.9 trillion cubic feet in 2035, with shale gas accounting some 49% to about 5 trillion cubic meters of the US total natural gas production in 2035, according to the World Energy Outlook launched by the International Energy Agency. The study sustains that the U.S. holds about 1,744 trillion cubic feet of technically recoverable natural gas which is sufficient to supply the country for 90 years at current rates of production.
read more... 29/11/2012
IEA: Renewable power to surpass coal by 2035
The International Energy Agency (IEA) has recently released a new report according to which the renewable energy will surpass coal, becoming the main generator of the world's electricity by 2035. It sees great potential for wind farms, solar farms and hydroelectric dams that become increasingly competitive with traditional energy sources, a level close by that of coal, said the Paris-based IEA agency that advises 28 nations on energy policy in its annual outlook.
read more... 13/11/2012