In just a few years, China has gained the status of an energy efficiency champion. From 2010 to 2015, while China’s GDP grew at a rate
Tag: OECD
Market Update: Saudis Remain Committed to Oil Output Cut Deal
Saudi Arabia is committed to sticking with the petroleum output freeze for the remainder of this year even if it means to “overbalance the market
Oil Markets’ Rebalancing Faster Thanks to Venezuelan Output Cut
Global oil markets are rebalancing fast following a falling supply from Venezuela, which has posted last year’s biggest unexpected production fall and could see further
Coal Decline Goes On: Europe’s Electricity Driven by Gas and Renewables
The amount of electricity produced from natural gas and the amount of electricity produced from coal in OECD countries have matched, the International Energy Agency
Market Update: Coal Production Plummeted in 2016
According to the International Energy Agency (IEA), the world’s global goal production went down significantly in 2016. The agency collated data from official national data
2016 Energy Analytics Published
The International Energy Agency (IEA) has recently published the 2016 edition of its Key World Energy Statistics. According to the report, electricity is playing an
World’s Poorest Economies Struggle with Their Debt Due to Weak Commodity Prices
The fall in commodity prices and a strong US dollar have had a negative impact on the world’s poorest economies whose budgets accumulated as much
Crude Oil Unlikely to Go Up Much This Year
Analysts generally do not expect oil prices to rally much this year as sluggish demand growth seems to be unable to deal with rising supply
EU and OECD Decrease Coal Subsidies
The European Union and eight OECD countries have committed themselves to decreasing state aid for coal-fired power stations in developing countries although many of them
French Hesitation’s Over: Paris Ends Coal Subsidies for Developing Markets
Following nine months of indecisiveness and hesitation, France has finally made up its mind and ended subsidies for overseas coal-fired power stations without a carbon