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Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year.
The global financial crisis has led to a dangerous drop in energy investment around the world which could choke off the nascent economic recovery, the International Energy Agency said Tuesday.
Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday.
World oil demand is likely to grow by an average of 0.6 percent annually over the 2008-2014 period, the International Energy Agency forecast Monday, revising its mid-term expectations downward amid the global recession.
The International Energy Agency on Thursday forecast that the slump in global oil demand in 2009 would be slightly less severe than previously expected, the organization's first upward revision to its estimates in 10 months as economic indicators suggest the recession may be past its peak.
Oil consumption will this year fall at the sharpest pace since 1981 due to the crisis afflicting world economies, the International Energy Agency said Thursday as it made new cuts to its forecast for crude demand.
The International Energy Agency has lowered its estimate for global oil demand in 2009 after "much lower-than-expected" economic growth in the global economy.
The International Energy Agency nearly doubled its forecast for the price of oil over the next twenty years, citing rising demand in the developing world as well as surging costs of production.
Oil supplies will remain tight despite record prices that have reduced demand, according to the International Energy Agency, and its executive director said Tuesday that the world is in the grip of its third "oil shock."
The International Energy Agency lowered its forecast for global oil demand this year amid surging prices, but said Tuesday that global hunger for oil is knocking markets out of kilter.
The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050, according to an energy study released Friday.
A leading global energy monitor said Thursday it is worried that demand for oil will outstrip world supply and is preparing a landmark revision of its closely watched forecasts.
Every Year of Delaying Legislation on Climate Change Adds $500 Billion a Year Says IEAThe normally conservative International Energy Agency is now saying that we must act faster to prevent climate change.
IEA Whistleblowers Say World Oil Stats Deliberately Inflated to Avoid Financial Panic, Appease the US World oil reserves are far lower than officially reported, the situation far more serious than publicly admitted, and we're already past peak oil. That's the word from two anonymous IEA whistleblowers, The Guardian reports.
IEA Sees Massive Fall at Mexico's Cantarell Oil Field in 2009. by Peter Millard. Dow Jones Newswires. Friday, March 13, 2009 MEXICO CITY (Dow Jones Newswires), March 13, 2009 Mexico's state oil company has an overly optimistic outlook for the giant Cantarell oil field this year, the Paris-based International Energy Agency said on Friday.
The IEA WEO 2008: Long term prospects for coal productionThe IEA predicts global coal production will double by 2030. The author of this post finds that prediction a little too bullish, given China's continued growth and dwindling reserves.
IEA WEO 2008 - Objectivity of the International Energy AgencyArgues that, given the current structure and objectives of the IEA, it seems like it would be very difficult for the IEA to be 100% objective, especially in making forecasts where there is a high degree of uncertainty.
Europeans Form Renewable Energy AgencyInternational Renewable Energy Agency.
2008 IEA World Energy Outlook - The Oil Drum Review (Part 2)An examination of the demand model the IEA used in the most recent World Energy Outlook, which the author concludes "does not sufficiently resemble reality."
World needs four new Saudi Arabias, warns IEAFresh sources of oil equivalent to the output of four Saudi Arabias will have to be found simply to maintain present levels of supply by 2030, one of the world's leading energy experts has said
Global Oil Output Capacity to Fall Short With 6 Years, IEA Says Global oil production capacity will be insufficient within six years, according to Nobuo Tanaka, executive director of the International Energy Agency.
Top Oil CEO: Peak Oil Trigger for Global Sustainability & Climate Emergency SOLUTIONwe must establish an emergency, nation-building response plan to place the economy on a low-carbon footing, minimising the consumption of oil, akin to a 21st Century version of ... the Marshall Plan, which reconstructed Europe
Its Not Speculation, Its Much Worse...The conservative IEA appears to be inching ever-closer to the peak-oil crowd. Supply simply cant keep pace with demandeverybody with an oil well has the taps open, but theres not much left in the keg.
IEA Announces Oil CrisisThe world faces an ``oil crisis,'' and the International Energy Agency stands ready to release emergency stockpiles even as the biggest consumers discuss measures to contain spiraling demand, the agency's chief said.
Peaceful Energy RevolutionIt seems like everyone these days is talking about energy. On the Hill, politicians are literally yelling about it, with a natural emphasis on prices at the gas pump.
Running Out of Gas - IEA Calls for 'Energy Revolution' To Reduce Fossil-Fuel Dependence - WSJ.comFrom today's WSJ. Now that Greenpeace is on board with nukes, will we see a well-regulated nuclear industry? Better than a well-regulated militia?
Why oil costs over $120 per barrel...this post strives to explain why oil prices are rising exponentially: • Supply and demand • Decline of older fields • Declining net energy and energy density • New mega-projects • OPEC spare capacity • Peak exports
IEA Launches Probe Into Possible Oil ShortageObservers say that the IEA, which provides authoritative research to OECD countries, is concerned that the supply of oil could fail to keep up with demand driven by the fast-industrialising economies of China and India.
Energy Watchdog Warns of Oil-Production CrunchThe world's premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.
IEA warns against retreat on biofuelsBiofuel production is critical to meeting current and future fuel demand in spite of its possible role in driving up food prices, the west's energy watchdog has warned.
I have retrieved the entire document translated to english by Cappella, a member of the Life After the Oil Crash blog forum. Please read it carefully as it portends significant difficulties for all of us. "The Sirens Shrill"
This article was written by Atticus Mullikin as an epilogue for a dossier on the website EU4Journalists.eu. It is republished here by Atticus Mullikin with permission.
[Seed] "Supply crunch" is not peak oil - IEAInvestigative reporter David Strahan, author of The Last Oil Shock, posted an article on his website in November stating that the IEA denied having predicted Peak Oil.
[Seed] IEA sees oil supply crunch loomingThe International Energy Agency announced a supply crunch of oil by 2015, as demand outstrips supply.
Technology alone will not solve energy crisisThe world must not miss its second chance to take a radically different approach to energy consumption.
Energy needs 'to grow inexorably'The global demand for energy is set to grow inexorably through to 2030 if governments do not change their policies, warns a top energy official.
IEA Chief Economist: "We are headed for very bad days"Oil prices hit a record high of $97 a barrel on Tuesday, but the next generation of consumers could look back on that price with envy.
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