IEA


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IEA

abbreviation for
(Government, Politics & Diplomacy) International Energy Agency
References in periodicals archive ?
Not accounting for the attack, the IEA said production could return to the Zawiya and Tobruk refineries relatively quickly, but Ras Lanouf could take months.
The IEA stated that the coordinated move was a response to the supply disruption caused by the recent unrest in Libya.
Power generation remains the main driver behind gas demand growth; use in this sector is estimated to have increased by 5 percent in 2010," the IEA said in its Medium-Term Oil and Gas Markets 2011 report it presented recently.
It will provide a real boost to jobs and growth in Ireland at this critical time," IEA Chief Executive John Whelan said in a statement.
OPEC's apparently relaxed attitude toward increasing production to offset lost Libyan supplies may also lead to sharply tighter markets later this summer once refiners are back in full swing," the IEA report said.
The IEA said a manufacturingled, export-based recovery in Europe "appears to be ebbing", with higher prices potentially punishing developed economies.
While recovery has supported prices at around $70-$80 a barrel, the IEA raised questions over "the sustainability of prices markedly higher than those levels".
Oil demand looks a bit stronger," David Fyfe, head of the oil industry and markets division of the IEA, was quoted as saying by our sister publication, the Gulf Daily News.
This new IEA study argues that given current CCS spending and activity the goals set by the 2008 Hokkaido-Toyako G8 summit will not be met.
The IEA estimated that collective output from Bahrain, Oman, Syria and Yemen now stands at 1.
For much of this year, the IEA has been urging the Organisation of the Petroleum Exporting Countries to raise supply to allow consumers to build up inventories and lower prices.
As one of the largest energy markets in Europe and the third largest economy in the IEA, few countries have quite the same impact on European or even global energy policy," said IEA Executive Director Claude Mandil, speaking at the launch of his organisation's Germany 2007 Review.