Tag: IEA
High-speed rail presents major opportunities for decarbonisation of transport – IEA
Significant environmental benefit is capacity to shift passengers away from aviation High-speed rail (HSR) passenger activity totalled 625 billion passenger kilometres in 2015 with China, Europe and Japan together accounting for 95 per cent of the global total, according to the International Energy Agency. HSR is also the fastest growing passenger rail transport service worldwide […]
Declining energy research budgets cause for concern – IEA
Clean energy sectors increased energy research spending but did not compensate drop By Simon Bennett, IEA Energy Technology Analyst and Remi Gigoux, IEA Energy Data Manager Investment into energy research, development and demonstration (RD&D) has delivered crucial breakthroughs that have contributed to an increasingly sustainable, accessible and affordable global energy system. But despite this success – as […]
OPEC building on success of oil output cuts – IEA
Current numbers for first quarter of 2018 imply a stock build of 0.8mb/d Over the last few months, questions lingered about whether OPEC producers were seriously committed to their agreement to cut output and balance the market, according to the International Energy Agency. While there may still be doubts about some of them, the market heavyweights have […]
Canada’s Generation Energy forum welcomes head of International Energy Agency
Canada’s renewable electricity generation exceeded 65% in 2016, one of the world’s highest Dr Fatih Birol, the Executive Director of the International Energy Agency(IEA), visited Canada Wednesday to participate in the Generation Energy forum hosted by Jim Carr, Canada’s Minister of Natural Resources in Winnipeg, according to an IEA press release. As Canada celebrates its 150th anniversary, the […]
Global energy efficiency gains at risk of slowing down without renewed govt focus – IEA
Households across the world spending less on energy as a result of efficiency The recent acceleration in global energy efficiency gains risks slowing down if governments do not maintain their focus on implementing new efficiency policies, according to a new report by the International Energy Agency. Global energy intensity – the energy used per unit […]
Global oil stocks declining on strong demand: IEA
Global oil stocks falling, markets tightening In its monthly report, the International Energy Agency says global oil stocks are falling on increased demand from Europe and the US as well as decreased OPEC and non-OPEC production. The agency also raised its 2017 global oil demand growth estimate to 1.6 million barrels per day (b/d) from […]
Global oil/gas industry transformed as it responds to oversupply, new technologies – IEA
Conventional onshore production shifted towards brownfield development to minimise capital spending – just like Alberta oil sands By Alessandro Blasi, senior programme officer, International Energy Agency The last few years have been particularly challenging for the oil and gas industry. From the natural gas shale revolution beginning about a decade ago to the dramatic shale-oil […]
Opinion: Saudi Arabia curbs oil shipments to United States
US crude imports from Saudi Arabia to fall under 800,000 b/d in August By John Kemp LONDON, July 13 (Reuters) – Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. crude imports from Saudi […]
Trucks play key role in determining future global oil demand growth – IEA
Fuels such as natural gas, biofuels, electricity and hydrogen can diversify fuel supply away from oil Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and […]
Commentary: Looking for balance in the oil market
By Kristine Petrosyan, Oil Market Analyst, International Energy Agency There is more than one way to look at oil-market balances. The IEA uses a straightforward approach: supply minus demand, which we report in the monthly Oil Market Report as “Total stock changes and Miscellaneous.” Part of the calculation can be easily explained by changes in OECD stocks, […]