Saturday 21 July 2018
 
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Global energy investment drops 2pc to $1.8trn in 2017

Global energy investment totalled $1.8 trillion in 2017, a 2 per cent decline in real terms from the previous year, said the International Energy Agency (IEA) in a new study, citing the World Energy Investment 2018 report. The ele

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Global gas sector set for big growth over 5 years: IEA

Strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years, said the International Energy Agency in its latest market forecast. G

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Electric cars see record 54pc growth in 2017

The number of electric and plug-in hybrid cars on the world’s roads exceeded three million in 2017, a 54 per cent increase compared with 2016, said the International Energy Agency (IEA) in a new report. The number of electri

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Islamic Economy Award to take place at GIES

The sixth Islamic Economy Award (IEA) ceremony will take place on the sidelines of the fourth Global Islamic Economy Summit (GIES 2018), running on October 30 and 31 in Dubai, UAE. Organised by Dubai Chamber of Commerce and Indust

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Digitalization set to transform global energy system

Digital technologies are set to transform the global energy system in coming decades, making it more connected, reliable and sustainable, according to a new report by the International Energy Agency (IEA). This will have a profoun

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IEA increases forecast for world oil demand in 2017

The International Energy Agency (IEA) has raised its forecast for world oil demand in 2017 by 100,000 barrels per day in comparison with the August forecast to 97.7 million barrels per day, according to a media report. IEA expects

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Global oil discoveries fell to historic lows in 2016

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b

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Global oil discoveries fell to historic lows in 2016

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b

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Cities lead the way in clean energy solutions

With urban energy use growing rapidly, cities will be key to a sustainable energy transition, says a new report from the International Energy Agency (IEA). Stockholm, Frankfurt and Seoul, among others, show how this can be done. T

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IEA, Asian Development Bank step up cooperation

The International Energy Agency and the Asian Development Bank said they were committed to expanding their cooperation in the fields of energy security analysis, data and modelling, and clean energy technology. The two internation

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