IEA oil release hits market nerves

The International Energy Agency’s (IEA) release of emergency oil supplies has increased the market’s nervousness, claims Deutsche Bank. Last week the IEA announced that its members would make 60 million barrels of oil available to ease the pressure on supplies and help lower the price of oil, which has recently been hovering around $120 per […]

IEA asks if Gas is the answer

Are we entering a golden age of gas? That’s the question being posed by the International Energy Agency’s latest report to be launched next month in London. The future for natural gas is bright. Demand has experienced a strong post-economic crisis recovery, while the North American shale gas boom and expansion of LNG trade have […]

IEA sets solar power target

The International Energy Agency has predicted that up to 25% of global electricity could be generated by solar power by 2050. IEA executive director Nobuo Tanaka said that solar photovoltaic (PV) and concentrating solar power (CSP) offer “considerable prospects for enhancing energy security while reducing energy-related CO2 emissions by almost six billion tonnes per year […]