Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

IEA Sees Tougher Financing And Weakening Demand Hitting Energy Investment

Energy investment is plunging across the globe as a result of a tougher financing environment, weakening final demand for energy and falling cash flows, the International Energy Agency (IEA) said in its recently released report, The Impact of the Financial and Economic Crisis on Global Energy Investment. The report said that reliable data shows “there is...