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IEA sees oil use rising as global growth picks up

Last Updated: Tuesday, January 21, 2014, 16:30

The International Energy Agency (IEA) said world oil consumption would increase by 1.3 million barrels per day (bpd) this year, 50,000 bpd higher than previously forecast.

IEA raises oil demand outlook on European, US growth

Last Updated: Wednesday, December 11, 2013, 17:47

Global oil demand growth is expected to accelerate in 2014 on increased consumption from Europe and the United States, the International Energy Agency (IEA) said Wednesday.

'India will be largest source of oil demand growth after 2020'

Last Updated: Wednesday, December 04, 2013, 22:43

India will become the largest single source of global oil demand growth after 2020, the International Energy Agency said Wednesday.

‘China to replace US as world's largest oil importer’

Last Updated: Thursday, November 28, 2013, 17:08

Energy-hungry China would replace the US as the world's largest oil importer by the 2020s followed by India, according to a report that said emerging economies are poised to claim most of the global energy supplies.

Southeast Asia's net oil imports to more than double by 2035

Last Updated: Wednesday, October 02, 2013, 11:53

Southeast Asia's net oil imports will more than double by 2035, costing USD 240 billion at today's prices, to meet strong energy demand growth to fuel the region's fast-growing economies, the International Energy Agency (IEA) said on Wednesday.

Africa needs $300 bn in power investments: IEA

Last Updated: Monday, July 08, 2013, 23:04

AFC is providing $7 billion, while Standard Chartered Bank is spending $2 billion to finance projects in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania.

Africa needs $300 bn in power investments: IEA

Last Updated: Monday, July 08, 2013, 19:06

The International Energy Agency (IEA) says sub-Saharan Africa needs $300 billion in investments to achieve universal access to electricity by 2030.

OPEC keeps pumping as oil demand softens

Last Updated: Wednesday, June 12, 2013, 18:03

OPEC continues to pump more oil despite sluggish economic growth dampening an increase in demand, the International Energy Agency said on Wednesday.

World set to exceed global warming limit: IEA

Last Updated: Monday, June 10, 2013, 20:09

The Paris-based agency urged governments to act, saying the 2C target could still be met with little economic pain.

Use of nuclear power prevents deaths, GHG emissions: Study

Last Updated: Thursday, May 30, 2013, 19:26

The use of nuclear power has led to prevention of 1.84 million air pollution-related deaths globally and has also prevented the release of 64 billion tons of greenhouse gases.

More decisive action needed on clean energy: Ministers

Last Updated: Wednesday, April 17, 2013, 21:46

The clamour for more decisive action on clean energy grew louder at the fourth energy ministers meet here with Indian Prime Minister Manmohan Singh asking developed nations to take a larger role in reducing carbon footprint.

'Coal set to surpass oil as world's top fuel within a decade'

Last Updated: Tuesday, December 18, 2012, 17:13

Coal's share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world's top energy source, the International Energy Agency (IEA) said, releasing its annual Medium-Term Coal Market Report (MCMR).