International Energy Agency

A re-balancing of world oil markets could occur in the first half of next year if production cuts by OPEC and other producers are implemented, International Energy Agency (IEA) chief Fatih Birol said on Dec. 13.

Birol told a conference in Prague that higher oil prices would weaken global demand. 

A new study claims that more than half of the UK’s electricity comes from low-carbon source for the first time ever.

The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating production from exporters around the globe could lead to relentless supply growth, the International Energy Agency said on Nov. 10.

Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on March 16, a strong indication that growth and increased pollution no longer go hand in hand.

Oil markets will begin to rebalance in 2017 thanks to falling U.S. production but that decline will prove short-lived as efficiency gains will push U.S. output to new records by the beginning of the next decade, the International Energy Agency (IEA) said on Feb. 22.

The last days of 2015 saw a dramatic increase in air pollution levels in Istanbul. 

One wishes the continuation of alarming levels of pollution in Turkey's big cities since nothing looks poised to push the government to endorse an energy policy sensitive to climate change.

The annual Atlantic Council Energy and Economic Summit starts in Istanbul on Nov. 18 with the aim of building from Central Asia to Central Europe and the Levant, with the attendance of over 400 distinguished speakers from 40 countries. 

Dr. Fatih Birol took office on Sept. 1 as the new executive director of the International Energy Agency (IEA), ushering in a new era for the global energy authority, the IEA said in a written statement.  

Iran could raise its oil output by as much as 730,000 barrels per day (bpd) from current levels fairly quickly after sanctions are removed, the International Energy Agency said on Aug. 12.

A brief period of high profitability for the world?s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on July 10.