The rising demand for energy, coupled with the short supply, must drive innovation when it comes to renewables
international energy agency
Posted inDRILLING & PRODUCTION
Coronavirus is causing the biggest fall in global energy investment in history: IEA
Impacts are being felt across the energy world, from fuel and power supply to efficiency, with serious implications for energy security and clean energy transitions
Posted inDRILLING & PRODUCTION
Oil prices stumble on geopolitical tensions, international trade disputes: IEA
The International Energy Agency says the future is uncertain as geopolitical tensions loom and oil demand growth estimates are cut back
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OPEC+ agreement does not change outlook of oversupplied market: IEA report
The report found that supply exceeded demand in the first half of 2019, and noted that while OPEC+ efforts could provide guidance, they would not change the fundamental market outlook
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Europe saved $8bn on gas bill in 2018 because of US and Russia: IEA
Fatih Birol, executive director of the International Energy Agency, called 2018 a “golden year” for natural gas
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Exclusive: Petronas regional director says NOCs must collaborate to face shared challenges
Abd Malik Jaffar, regional director of PETRONAS Subsidiaries Middle East, PETRONAS, says national oil companies from the East and West must collaborate to face shared challenges
Posted inDRILLING & PRODUCTION
International Energy Agency: Major oil and gas exporters face ‘unprecedented challenges’ ahead
The agency’s Outlook for Producer Economies examined resource-dependent economies, like Saudi Arabia and the UAE
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New survey: OPEC will augment oil supply in second half of 2018
In a poll conducted with 66 oil industry executives, market traders and analysts, one week ahead of a critical OPEC-non-OPEC meeting in Vienna, 46 of those polled said they expected the world’s biggest oil exporters to raise output in Q3 and Q4 of 2018.