Latest news
IEA: Oil prices to fall over the next 5 years
The International Energy Agency has predicted that oil prices will significantly drop to 89 dollars per barrel by 2017 from the current level, due to slow economic growth and problems in the euro zone.
read more... 25/10/2012
Are oil prices going to ease on higher output and slower economy? (IEA)
The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the International Energy Agency said last Friday.
read more... 16/10/2012
Daily: Brent crude futures settle lower on Friday after IEA cuts demand outlook
Brent crude oil futures settled at $114.62 a barrel on Friday, down $1.09 a barrel after the International Energy Agency (IEA) cut its demand growth outlook. Meanwhile, U.S. crude futures for November delivery dropped 21 cents on Friday to settle at $91.86 a barrel after the IEA forecasted an eventual decline in oil consumption growth.
read more... 15/10/2012
Coal vs Natural Gas in Europe
Europe is seeing a 'golden age of coal' thanks to cheap U.S. exports, said a senior gas analyst at the International Energy Agency (IEA), an advisory body which last year proclaimed the world was heading for a 'golden age of gas.'
read more... 10/10/2012
IEA: Power generation from renewable sources to increase by more than 40%
According to IEA, wind power will growth considerably in the years to come becoming the second major contributor to global renewable electricity generation after hydro at 16.7%. By 2017 wind power will grow by about 100TWh per year, up 15.6%. Onshore wind power will represent 90% of this increase, jumping from 230 GW to 460GW.
read more... 27/07/2012