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International Energy Agency
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Industry Trend of Electric Vehicle
Mar 20, 2019Electric vehicles are the future of modern transportation, a future whereby eco-friendly cars cruise the asphalt with electrical powered motors and high capacity mobile batteries. The days of gasoline-powered engines are numbered, and soon ...
Tags: Electric Vehicle
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Crude Futures Fall After Iea Warns Glut Will Persist Into 2016
Dec 15, 2015Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
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IEA: How Solar Could Lead Electricity Generation
Nov 5, 2015Given the right policy frameworks and technology developments, solar technologies could be generating more than a quarter of the world’s electricity by 2050. That potential scenario, which would see solar overtake wind, ...
Tags: IEA, Solar, Electricity Generation
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Capacity Should Be Expanded to Increase The Nation's Strategic Energy Reserves
Mar 12, 2015Underground natural gas storage capacity should be expanded to increase the nation's strategic energy reserves and ensure supply, said a senior official from China Petrochemical Corp (Sinopec), the country's biggest refiner. Sun Jian, ...
Tags: Underground Gas, Energy Security'
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China May Be Largest Oil User Globally
Nov 15, 2014China may overtake the US as the largest oil consumer globally in the early 2030s as emerging countries will lead growth in oil consumption in the next decades, the International Energy Agency said in a report yesterday. Global oil demand ...
Tags: oil consumer, crude oil
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The Australian Government Should Take Responsibility for Holding Emergency Fuel Stocks
Nov 12, 2014The Australian Government should call for an update to the international fuel stockpiling rules and take responsibility for holding emergency fuel stocks, the chief executive of the Australian Trucking Association Stuart St Clair said. ...
Tags: Truckers, Fuel Security
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Networked Devices Will Require More Energy Than All of Russia by 2025
Aug 15, 2014Networked devices will require more energy than all of Russia by 2025, making efficiency a top priority. Between computers, smartphones, tablets, wearables, and the Internet of things, the number of networked devices around the world is ...
Tags: Skyrocket, Electrical, Electronics
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The Main Conference Program Split Into Parallel Tracks
Jul 28, 2014The second day of Strategies in Light Europe featured a full, active conference program and 900 registered attendees from the solid-state lighting industry. Day 2 of Strategies in Light Europe began with a strong Plenary session, ...
Tags: Parallel Tracks
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Natural Gas Is Losing Ground Globally to Its Rivals
Jun 13, 2014Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...
Tags: Natural Gas, Coal
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400 Billion-Dollar Gas Deal Between Russia and China Will Not Affect Gas Deliveries to EU
May 28, 2014The recently announced 400 billion-dollar gas deal between Russia and China will not affect gas deliveries to the EU, the International Energy Agency (IEA) said Thursday. "The gas that has been determined for export to China would have ...
Tags: EU Supplies, Gas
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The US Shale Gas and Oil Boom Is "Very Profound, But Sometimes Taken out of Proportion"
May 22, 2014The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...
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OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand
May 19, 2014The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
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The Impact of LNG Exports on Wholesale Gas Prices Put a Cap on Us Exports at 6 Bcf/D
May 15, 2014The likely impact of LNG exports from North America on wholesale gas prices around the world may put a cap on US exports at roughly 6 Bcf/d, Mike Fulwood, a principal in Nexant's Global Gas practice, said Tuesday. During a briefing on LNG ...
Tags: LNG Exports, gas prices
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The US Will Sell 5 Million Barrels of Sour Crude From Its Strategic Petroleum Reserve
Mar 14, 2014The US will sell 5 million barrels of sour crude from its Strategic Petroleum Reserve as part of a test sale to evaluate its ability to distribute oil in the event of an emergency, the Department of Energy said Wednesday in a Notice of ...
Tags: Sour Crude, Department of Energy
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Several Major Changes Were Seen in Global Energy Landscape
Feb 10, 2014The exploration of shale gas is a revolution, and is changing global energy picture, chief economist of the International Energy Agency Fatih Birol said in a recent interview with Xinhua. Birol said several major changes were seen in ...