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Energy Efficiency Key To Adapting To High Prices, Says IEA
...st,” says Dr Birol. “They were $544bn worldwide in 2012, a significant increase over 2011.” He adds that Mideast governments were responsible for half the total subsidies: “Fossil fuel subsidies are bad for the country’s budget, bad for the environment, bad for efficiency, and bad for the poor. Ut...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
IEA Labels Mideast As Key Driver Of Electricity Demand Growth
...REGIONAL IEA Labels Mideast As Key Driver Of Electricity Demand Growth World electricity demand is set to increase by more than two-thirds over 2011-35, according to the International Energy Agency (IEA). The agency’s latest World Energy Outlook, published on 12...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Iran: Geneva Deadlock Breeds Talk Of Further US Sanctions
...tput and exports nosedive as sanctions have been ratcheted up over the past 18 months. Iranian crude oil output was just 2.68mn b/d in October (MEES, 8 November), down close to 900,000 b/d on its 2011 average of 3.59mn b/d; crude exports have averaged just over 1.1mn b/d over the first nine months of...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Saudi, UAE Close To Top Of World SWF Rankings
....5 2002 Oil 10 23 Iran National Development Fund of Iran 54 2011 Oil & Gas 5 33...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
IMF Downgrades MENA Growth Projections To 2.3% For 2013
...lls for subsidy reform in the MENA region, estimates that pre-tax energy subsidies – measured as the difference between the value of consumption at world and domestic prices – amounted to about $237bn in 2011. This is equivalent to half of the world’s subsidies, 8.6% of regional GDP and 22% of go...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Benchmark Crude Prices ($/B)
...12 2011 WTI 93.76 94.32 96.93 100.57 106.27 105.73 94.17 94.18 95...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013