Oil – As more countries look to tap emergency crude reserves in an attempt to quell soaring fuel prices, many are questioning the real motives behind the move.
Articles Tagged "international energy agency"
Coal – Reuters Africa reported that the International Energy Agency published its scenario forecasts for coal prices to 2035.
Oil – Bloomberg reports that Oil fell, posting its biggest weekly loss in three months.
Uranium – WSJ.com reports renewed interest in nuclear power. Nuclear plants do not emit carbon dioxide. Some 60 nuclear reactors are under construction around the world, according to the International Atomic Energy Agency. For complete editorial, click here.
Coal – The International Energy Agency’s announcement that China overtook the United States as the world’s largest power-consuming nation in 2009 is promising news for coal producers. While other nations are turning away from coal power, it accounted for 70 percent of China’s total energy consumption last year. And, even with China’s National Energy Administration predicting coal consumption will supply only 63 percent of the country’s energy by 2015, investor and analysts are still bullish about coal in China.
Oil – Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Uranium – Steps to secure highly enriched uranium and separated plutonium from falling into the hands of terrorists are being discussed in Washington this week, as representatives from 46 nations attend the largest gathering of nations hosted by a US president since the signing of the United Nations charter in San Francisco in 1945.
Crude Investing News reports normalizing trends are setting in with price of oil surging ahead. “It means the U.S. economy is growing again and we are sucking in products from all across the globe,” said Joel Naroff of Naroff Economic Advisors. A sharp rise in crude oil prices accounted for much of the headline increase [...]
Coal Investing News reports environmentalists are hoping with the new President-Elect Obama, will aim for greener energy sources and eliminating coal-powered energy plants. Like other nations around the world, the U.S. is currently grappling with the problems posed by global warming and is looking for cleaner, more sustainable energy sources. Yet, it will be a [...]
Coal Investing News reports IEA released its latest world energy outlook report on Wednesday. The report predicts that global energy demand will increase by 45 per cent by 2030. In reaction to steadily rising demand, the agency is confident that coal will continue its role as the main source of power for much of the [...]