An average consumer is not, frankly speaking, used to the fact that oil prices can also fall. In fact, economic history reveals that the harshest
Tag: IEA
World’s First Carbon Capture Power Plant Launched
The world finally has its first large-scale power station equipped with carbon capture and storage (CCS) technology, marking a historic landmark on the way to
Libya Resumes Oil Shipments after a Year-Long Halt
Libya loaded its first oil shipment on Tuesday (12 August) from its port of Ran Lanuf since it was closed by insurgents a year ago.
Global Oil Demand to Accelerate Next Year
Global oil demand will expedite next year as the global economy resumes its growth. The demand will again encounter not only increasing growth rates across
80 Billion USD Wasted on Power for Online Gadgets
The International Energy Agency (IEA) estimates that about 14 billion online devices – like modems, printers, game consoles, or set-top boxes – waste about 80
EU Headed for a Low Carbon Economy
The EU’s 14 energy ministers have been recently called upon by an advisory body that the EU28 should be heading towards a low carbon economy.
Iraq Crisis Pointing to Canadian Oil Sands’ Strategic Importance
The escalating crisis in Iraq and the looming geopolitical turmoil in the Middle East have highlighted the urgent need to increase output of Canada’s oil
“Golden Age of Gas” Coming to China
The Medium-Term Gas Market Report published recently by the International Energy Agency (IEA) predicts that the “Golden Age” of natural gas is now very well
Global Energy Goals Need 48 Trillion USD by 2035
The International Energy Agency’s (IEA) special report on investment has revealed that meeting the world’s growing need for energy will demand more than 48 trillion
Electricity to Rival Oil in the 21st Century
The recent report of the International Energy Agency (IEA) says that, in the 21st century, electricity will keep on becoming the world’s key source of