Strong growth in the price of U.S. shale oil has also contained stronger increases.
Read More »Global Gas Consumption will Grow 1.6% Per Year
Eurasian demand is impacted by efficiency gains in the gas-fired power generation fleet.
Read More »Saudi Arabia Hopes to Extend Opec Production Cuts by Early July
Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July. according to the country’s energy minister.
Read More »IEA and African Union Hold First Ever Ministerial Meeting on Development of Africa’s Energy Sector
The International Energy Agency co-hosted a joint ministerial summit with the African Union Commission (AUC) that brought together high-level representatives from government and industry to discuss the development of Africa’s energy sector.
Read More »Fossil Fuel Consumption Subsidies Bounced Back Strongly in 2018
Higher average oil prices in 2018 pushed up the value of global fossil fuel consumption subsidies back up toward levels last seen in 2014. underscoring the incomplete nature of the pricing reforms undertaken in recent years.
Read More »International Action Can Scale Up Hydrogen to Make It a Key Part of a Clean And Secure Energy Future
The world has an important opportunity to tap into hydrogen’s vast potential to become a critical part of a more sustainable and secure energy future.
Read More »Oil Supply to Swamp Demand. Squeeze OPEC in 2020
Global oil supplies will increase far more than demand next year with the start of a host of new projects. putting further pressure on the OPEC cartel.
Read More »Oil Demand Signals are Flashing Red as Price Dives Toward $50
Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.
Read More »The Outlook for Oil Demand Growth in 2019 Dims over Global Economy Worries
World oil demand will rise by 1.14 million barrels per day (bpd) this year.
Read More »Natural Gas Price Plunge Signals Greener Start for 2019 in U.S. and EU
Tumbling natural gas prices have set the power generation industries in the U.S. and Europe off to a greener start this year.
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