Global energy investment stabilised above $1.8 trillion in 2018; security and sustainability concerns growing – IEA

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Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and […]

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Renewable capacity growth worldwide stalled in 2018 after two decades of strong expansion, says IEA

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After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals, the International Energy Agency (IEA) said. Last year was the first time since 2001 that growth in […]

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Increase of cheaper coal in Southeast Asia foils global green push

Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel under pressure from green-minded investors. Indonesia is on track for the third-largest coal-fired power capacity of new plants under development, behind China and India. Vietnam follows in fourth place, while the Philippines […]

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Global coal demand up 0.7 per cent in 2018, largely due to Asia: IEA

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Global coal demand totaled 3.778 billion tonnes of oil equivalent (Btoe) in 2018, up 0.7 per cent on the year, bolstered largely by increased use in India and Southeast Asia, according to data released by the International Energy Agency. Coal rode the wave of increased demand from several Asian countries, as global energy demand grew […]

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U.S. to lead global oil supply growth, no peak in oil demand in sight – IEA

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The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s (IEA) annual oil market forecast. By the end of the forecast, oil exports from the United States will […]

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Refining frenzy worsens fuel glut in Asia

Asia is drowning in Chinese fuels and things are about to get worse over the next three years as new refining capacity in the world’s second-largest economy begins operating. According to Bloomberg columnist David Fickling, the teapots—China’s independent, private refiners—are the main driver of the glut that is choking off Asian refiners’ margins and pressuring prices. […]

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