Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new …
Read More »Renewable energy should be at the heart of virus recovery plans: IEA
Paris, France | AFP | The International Energy Agency on Wednesday called on governments to put clean energy at the heart of their coronavirus economic recovery plans, as it forecast the first slowdown in new renewable power installations worldwide in two decades. The IEA warned that lockdown measures — which at …
Read More »US to overtake Saudi as crude oil producer: IEA
Paris, France | AFP | The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one …
Read More »OPEC pumps more oil in July despite cut pledge: IEA
Paris, France | AFP | OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel’s pledge to cut output to raise prices. In its monthly report on the global oil market, the …
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