Tag Archives: International Energy Agency (IEA)

Any slowdown in global economic growth will put the brakes on demand for oil.

Nuclear power is by far the largest source of low-carbon electricity in both Europe and North America.

The demand for OPEC crude oil in early 2020 could fall to only 28 million bpd.

China and India now account for about a fifth of global strategic reserves.

Strong growth in the price of U.S. shale oil has also contained stronger increases.

Eurasian demand is impacted by efficiency gains in the gas-fired power generation fleet.

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.

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.

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.

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.