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25.06.2014 China drives world gas growth

While energy experts see a "golden age" for growth of natural gas use in China, the outlook appears darker for consumption in the country's power sector due to the dominance of cheap coal.

20.06.2014 IEA to unseal oil reserves if new Russia sanctions boost prices

The International Energy Agency (IEA) can unseal its oil reserves if new possible sanctions against Russia push the oil price up, Director of Energy Markets and Security Keisuke Sadamori told the PRIME economic news agency in an interview on Wednesday during the World Pe

18.06.2014 IEA expects further oil boom, but 'inflexion point' nears

The International Energy Agency has said it expects global oil demand to rise over the next five years. But its latest medium-term market report also warned growth might decelerate later for environmental reasons.

04.06.2014 Russia to need some $2.7 trillion investment in energy sector

Russia will need $2.7 trillion investment in the energy sector in 2014-2035, the International Energy Agency has said in its World Energy Investment Outlook-2014 newsletter.

03.06.2014 Energy supply to require $40 trillion investment by 2035 - IEA

Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said, Bloomberg reported on June 3.

30.05.2014 OPEC crude output grows in May

OPEC crude production climbed in May for the first time in three months, led by gains in Angola and Saudi Arabia, a Bloomberg survey showed, Bloomberg said on May 29.

23.05.2014 China stockpiles oil at record rate amid global tensions

China is stockpiling oil for its strategic petroleum reserve at a record pace, intervening on a scale large enough to send a powerful pulse through the world crude market.

14.05.2014 China's oil demand falls in April

China's implied oil demand fell 0.8 percent in April from the previous month to its lowest since September as refineries scaled back production for maintenance and continued to export surplus fuel to trim inventories as the nation's economy slowed, Reuters reported on Ma

17.04.2014 Chinese oil demand sluggish

China's implied oil demand fell 0.6 percent in the first quarter as a slowing economy dampened energy use, forcing refiners to scale back crude runs and raise exports to trim high fuel stocks, Reuters reported on April 16.

17.03.2014 Iranian oil sales hit one-year high

Global imports of Iranian oil hit a one-year high in January and February, the International Energy Agency said on March 14, data that industry sources say suggests a temporary deal on sanctions pressure on Tehran has helped its oil sales to recover, Reuters has reported