Peak oil

The world will see much weaker oil demand growth in 2015 than forecast previously, the International Energy Agency said on Tuesday, adding that oil prices may drop further.

A People’s Democratic Party (HDP) lawmaker for the southeastern province of Batman, which is home to Turkey’s biggest oilfield, has presented a legal proposal to share the central government’s oil revenues with local administrations, in a move that has been seen as a vital step for autonomy by Kurdish politicians.

I am settled in Le Pain Quotidien in Southbank Centre (no typo; when in Britain, you have to do as the Brits do) on a beautiful London Sunday morning.

A lightning advance by jihadists across northern Iraq has rekindled concern on oil markets, but the IEA cautioned June 13 that supplies from leading exporter Iraq may not be at immediate risk.

Bulgaria will have run out of coal in 34 years, while Britain will have no oil, coal and gas reserves in just over five years, researchers have warned.