European demand for diesel is expected to have fallen in the first three months of 2016 for the first quarterly decline in nearly two years, the International Energy Agency reported on Thursday, the latest sign of distress in the fuel market.
Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand.
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.
At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.
Countries have to work towards making their renewable energy system more secure and sustainable, even as their governments need to remove this concern that clean energy sources cannot achieve full potential, says an International Energy Agency (IEA) report.
The International Energy Agency estimated in December that coal demand will continue to grow by an average of 2.1 percent through 2019, even if this is slower than the 3.3 percent average recorded in 2010-2013.