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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.
Oil prices slipped below $67 a barrel Monday in Asia on investor concerns crude demand will remain weak amid a slow global economic recovery.
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 best thing going for oil producers is that the world still needs millions of barrels of it everyday.
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 on Friday lowered its estimate for global oil demand in 2009 as the crisis curbs demand in the United States, Russia and China.
The International Energy Agency predicted Friday that the global economic downturn will cause world oil consumption to fall for a second straight year in 2009, the first two-year decline in 26 years.
The International Energy Agency said Thursday that global oil demand will shrink this year for the first time in a quarter-century as rich nations fall into recession and growth slows in the developing world.
The head of the International Energy Agency says the global demand for oil could shrink next year if the economies of China, India or the Middle East slow down fast.
The International Energy Agency made new cuts Thursday to its global oil demand forecasts for this year and next as rich-world economies sink into recession and growth slows in the developing countries.
More than a trillion dollars in annual investments to find new fossil fuels will be needed for the next two decades to avoid an energy crisis that could choke the global economy, the International Energy Agency said Wednesday.
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.
With Middle East tensions building, Iran's oil minister warned Wednesday that an attack on his country would provoke an unimaginably fierce response.
The U.S. Energy Department and the International Energy Agency both lowered their global oil consumption forecasts for this year because of surging prices, but said demand continues to accelerate in developing nations.
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.
A leading global energy monitor fears there may not be enough oil to slake the world's thirst — and is preparing a landmark forecast that could reverberate through the global economy even as major companies announce fuel-related cutbacks.
Oil futures rose moderately Wednesday as traders shrugged off a mixed government inventory report and focused on the economy and threats to crude supplies overseas.
Iraqi oil output has risen in a "dramatic" way in recent months, hitting its highest monthly level in about 3 1/2 years in November, the International Energy Agency said Friday.
Oil prices that last week seemed on an inexorable path toward $100 a barrel slid more than $3 to the $91 level Tuesday after the International Energy Agency cut its demand forecasts and said crude supplies are rising.
The West�s Or Obama�s Oil WeaponOil has become a double edged sword. It can now be wielded against the oil producing states as much as it can be wielded by them. More specifically it can be used by the West to neutralize Iran's nuclear threat without military action.
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.
George Monbiot asks Fatih Birol, chief economist of IEA, when will the oil run out? George Monbiot puts the question to Fatih Birol, chief economist of the International Energy Agency - and is both astonished and alarmed by the answer
BBC NEWS | Science & Environment | Energy body warns on oil pricesOne of the world's leading authorities on energy supply says the era of cheap oil is over and prices could soon be back up to $100 a barrel.
End of the Petroleum Age?At the hastily convened global oil summit in Jeddah, Saudi Arabia on June 28, top officials of producing and consuming nations from around the world attempted to find a combination of solutions that would somehow extricate us from the current crisis over sky-high energy prices.
Agency Calls for 'Energy Revolution'"BRUSSELS — The International Energy Agency, a group that advises industrialized countries, said Friday in a report that investments of at least $45 trillion might be needed over the next half-century to prevent energy shortages and greenhouse gas emissions from slowing economi …
World risks 'dirty' energy futureThe world could be dependent on "dirty, insecure and expensive" energy by 2030, an influential report has warned. Current trends showed that demand for power was set to grow by 53% by 2030, the International Energy Agency said.
Switch to coal threatens to worsen global warmingA massive switch to burning coal will make it harder to limit global warming in the coming 25 years, warns a major report on global energy trends from the International Energy Agency and the Organisation for Economic Co-operation and Development.
China, India 'must adopt sustainable energy plans'[LONDON] China and India should adopt sustainable energy policies to avoid endangering energy security and control carbon emissions, said representatives of the International Energy Agency (IEA) this week (7 November).
Nuclear energy and economic growth in IndiaA very interesting perspective on nuclear power, including fusion power from an Indian publication.
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.
Warning on Impact of China and India Oil DemandCiting soaring demand for oil imports by China and India, the International Energy Agency urged oil producing countries to replenish inventories in light of record prices.
BBC NEWS | How much oil do we really have?As oil prices remain volatile the markets do their best to forecast future prices. Unfortunately this is not an easy task. While it may appear extraordinary to outsiders one of the main problems in the oil market is the reliability of basic statistics.
Oil Experts: 'Extremely Tight in 5 Years'When scientists say oil production could peak soon, the reports are met with skepticism, especially in industry. When economists talk, industry pays more attention. That makes Monday's forecast from the International Energy Agency (IEA) significant.
Rise in World Oil Use and a Possible Shortage of Supplies Are Seen in the Next 5 YearsA new report says that pressures on fuel supplies are growing, in part, because booming Asian economies are using more fuel to power their manufacturing industries.
Peak OilTo drastically summarize the report: The problem is not that the world is running out of oil, but that right now, offshore oil rigs are scarce and expensive, skilled labor is tight, transport infrastructure is limited, and political considerations such as "resource nationalism" i …
The world has two energy crises but no real answersThe world is, in fact, facing two energy crises. The first is rooted in scarcity and traditional power politics. It involves the struggle by the world's largest and most energy-hungry economies to get hold of the natural resources they need.
New oil discoveries turn the spotlight back on west AfricaMonday, June 25, 2007 Western and emerging Asian powers so keen to diversify oil supply sources to feed growing needs have recast their attention to west Africa following the latest discovery of new potential reserves
Is China outdoing US in curbing carbon?Its plans to limit emissions and boost efficiency could undercut a key argument against carbon dioxide limits in the US.
Gas exporters to eye forming a cartelThe world's biggest gas exporting countries begin a two-day meeting here Monday to discuss proposals to form a cartel -- an idea that has consumer nations worried even if it does not appear imminent.
Europe eyes killing off light bulbs - Climate Change - MSNBC.comUpdated: 22 minutes ago AMSTERDAM, Netherlands - The world's three largest light bulb makers said Thursday they will push European consumers to switch to energy-saving bulbs in a bid to cut carbon dioxide emissions that are believed to contribute to global warming.
University mourns colleague killed in plane crash"Shimon's recent work involved creatively translating concepts from finance to energy policy, showing how renewable energy, as part of investment portfolios, was even more valuable in combating climate change than orthodox thinking supposes.
In a report just published, the International Energy Agency promotes nuclear power as the solution which will save us from global warming. But who will save us from nuclear power?
International Energy Agency calls for urgent action to reduce use of power"On current trends, we are on course for a dirty, expensive and unsustainable energy future," the IEA's executive director Claude Mandil said at the report's launch in London yesterday. "In response, urgent government action is required. The key word is urgent."
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