Tag: Fatih Birol IEA Ceo

• Thursday, May 25th 2017 - 19:07 UTC

  Today's stunted oil prices could cause oil price shock in 2020

  

  As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand.

• Friday, October 28th 2016 - 12:23 UTC

  Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

  

  The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.