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Daily- Crude oil futures falling, snapping up an eight-day rally
Crude oil futures fell on Friday, halting an eight-day hike, as the IEA cut its oil growth demand forecast for the six consecutive month due to a weak world economy, the fall being limited by strong Chinese oil demand and political tensions over Iran.
read more... 10/02/2012
IEA: Biofuel output declines for the first time in a decade
Biofuel global production has dropped to 1.822 million barrels a day in 2011 from 1.822 million 2010, representing the first decline in a decade, according to data released by the International Energy Agency (IEA), being attributed to rising costs of the feedstock for most biofuels, corn, sugar and vegetable oil.
read more... 13/01/2012
IEA: Singapore to become an LNG-trading hub
With a record demand for LNG in Japan and a boom in North American supplies, natural gas is expected to play a key role in the global energy mix of the future, with the International Energy Agency (IEA) saying it could well be a “golden age” for gas, paving the way for an LNG trading hub in Asia.
read more... 16/12/2011
IEA: oil market to be more balanced in 2012
According to the most recent monthly report released by International Energy Agency (IEA), the global oil demand is expected to fall in 2012 on the worsening global economic background and persistently increased oil prices, fact that will help balance oil markets next year.
read more... 13/12/2011
IEA: High oil prices may hit economic recovery
The EU economic recovery may be threatened by high oil prices, hindering Asia to help the West countries to cope with the crisis, the head of International Energy Agency (IEA) said on Wednesday.
read more... 25/11/2011