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Recovering U.S. economy triggers IEA oil demand forecast

Global oil demand will rise faster than previously expected this year, the IEA forecast on Tuesday, reporting that consumption accelerated at the end of 2013 as advanced economies led by the United States recovered. But growth of Chinese demand slowed down in the second half of 2013, the International Energy…

International Energy Agency warns of catastrophic greenhouse gas increases

The world cannot afford to wait for a new global climate change agreement to come into force in 2020, because doing so will mean an end to hopes of limiting global warming to moderate levels, one of the world’s foremost authorities on energy has warned. Carbon dioxide emissions from energy…

Germany must spread cost of energy shift fairly: IEA

The International Energy Agency said Friday that Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels toward renewable energy. The IEA also said Europe’s biggest economy should make greater use of natural gas to smoothe the transition…

The educational charities that do PR for the right-wing ultra-rich

Billionaires control the political conversation by staying hidden and paying others to promote their brutal agendas Conspiracies against the public don’t get much uglier than this. As the Guardian revealed last week, two secretive organisations working for US billionaires have spent $118m to ensure that no action is taken to…

Oil prices weaken as OPEC meets on output

World oil prices fell on Wednesday, dampened by eurozone worries and falling shares, as OPEC ministers began a production meeting which was widely expected to maintain output, traders said. Later in the day, traders will also digest the latest snapshot of energy inventories in the United States — the world’s top crude consuming…

Asia moves to open its oil reserves

TOKYO (Reuters) – Asian nations moved to release emergency oil stockpiles on Friday as part of a rare global coordinated action by consumer countries to prevent high energy prices from stunting a stuttering economic recovery. The move, led by Washington and criticized by the oil industry as an unnecessary distortion…

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