IEA

He said he had also been contacted by some IEA officials unhappy with its lack of independent scepticism over predictions.

Taylor said even the new IEA projections of how much new oil the world would discover were likely to be over-optimistic.

But if the IEA's goal Thursday was to shake hedge funds and other financial investors out of the market, the move may have come too late.

It's a non-trivial error to call it a 'reference case, ' as the IEA has done.

Analysts said the IEA's unexpected decision to use strategic stockpiles had exerted only a temporary restraint on oil prices.

Just yesterday the International Energy Agency warned that the world oil market would be "extremely tight" over the next five years.

The oil market was closed on Friday for the Easter public holiday, so there was no price reaction to the IEA's report.

He said, IEA could grant China as an observer, at the same time, more closely cooperate with non-members on tech as well as share more info.

The comments were made at the launch of IEA's annual World Energy Outlook report 'China and India Insights' in London.

Just days after the explosion the International Energy Agency said China was now the world's largest energy consumer, not the United States.

After years of setbacks, the region could see "a sizeable increase in production and exports" , the International Energy Agency says.

The IEA's release is in the heart of consuming areas and should be readily available to refiners.

The IEA was established in 1974 after the oil crisis in an attempt to try to safeguard energy supplies to the west.

The appropriate institution to deal with these concerns is no longer the International Energy Agency (IEA) but Nato.

A year ago, the contrast between the Paris-based IEA and OPEC was far less marked.

The IEA estimates that about a quarter of the reduction is the result of regulation, an "unprecedented" proportion.

In a report published yesterday, the IEA confirmed comments made to the FT last week by Fatih Birol, the group's chief economist.

Now the " peak oil" theory is gaining support at the heart of the global energy establishment.

That would be enough, the IEA calculates, to displace 40 years of gas imports at current levels.

The IEA estimates that the output from mature fields outside OPEC would naturally drop by about 11% a year.

The International Energy Agency had reported that high oil prices had begun to dent consumption growth.

If it joined the IEA, China would pledge to follow international norms and coordinate any release with other members.

Second, the new production cannot replace lost Libyan supply in terms of quality; only the IEA has such high quality crude in storage.

Accordingly, the IEA called on governments to take a more active role in facilitating private investment for the nuclear expansion.

Mr Tanaka said the IEA was in close contact with China about its plans, already in train, to build a 30-day petroleum stockpile.

As Fatih Birol, the IEA's chief economist, puts it: "If governments do not facilitate the investment, I don't think nuclear will fly. "

Abdalla El-Badri, the group's secretary-general, had previously described the idea of an IEA reserve release as a "weapon against OPEC" .

The International Energy Agency has over the last decade steadily cut its projection for Saudi oil production.

The IEA's 28 member states finally have shown some backbone at the cost of only a small diminution of their reserves.

To make even greater strides, "Japan will have to undertake deep energy-efficiency and conservation measures, " the IEA report concludes.

So the IEA has made a brave, though not wholly convincing, stab at providing this in two areas: nuclear power and energy efficiency.

The International Energy Agency also controls large emergency stocks of oil, which could be released into the market to meet any shortage.

The current situation does not merit it, the head of the International Energy Agency (IEA) reassured markets they could be used, if needed.

The biggest developing economies spend $310bn a year in such subsidies, according to the International Energy Agency.

The extra energy required would reduce a state-of-the-art supercritical plant's overall efficiency by about 10%, according to the IEA.

On a per capita basis, Chinese energy demand is still around a third of the average of industrialized nations, according to IEA data.

The International Energy Agency yesterday raised its forecast for international oil prices to at least $65 a barrel in 2030.

The IEA says that over the next 25 years, 40% of the growth in total gas production will come from unconventional gas.

Zhou Xi'an, a director with the agency, told reporters that 'the IEA data can be used as a reference but are not very reliable.

At the same time, the International Energy Agency (IEA) says the era of cheap oil is over and prices could soon be back up to $100 a barrel.

Amrita Sen, commodities analyst at Barclays Capital, cautioned that the IEA's Saudi production data could be revised upwards.

But the IEA's analysis found that within about four years, China's per capita emissions were likely to exceed those of the EU.

'An expansion of gas use alone is no panacea for climate change, ' said Nobuo Tanaka, the IEA's executive director.

The IEA said in May that it would use all tools at its disposal to increase supply unless the cartel raised production.

On May 19, the IEA board publicly threatened to release strategic reserves if Opec failed to increase its own output.

One scenario included the IEA's proposed energy efficiency measures, while the second did not.

The IEA calculates that these economies do not need to go much further.

The greatest driver for oil demand will come from the transportation sector, ac-cording to Fatih Birol, the IEA's chief economist.

The greatest responsibility to reduce emissions and help others to do so lies with the US, the IEA says.

First proposed as an "energy Nato" , it has opened fire in self-defence.

These provisions re embodied in the Agreement on an International Energy Programme (IEP), which established the Agency in 1974.

The Paris-based International Energy Agency can offset, even briefly, the most extreme disruption tapping its strategic petroleum reserves.

"There's still a major gap between the current pledges and the desired outcome, " said Fatih Birol, the IEA's chief economist.

They include all the industrial market countries and all the major oil importing countries, with the exception of China and India.

The IEA expects China's oil consumption to grow by an annual average of 3. 3 per cent per year, assuming unchanged policies.

But the new IEA report says working with China and India on alternative energy sources and curbing emissions is a matter of global urgency.

But that is all about to change, says the International Energy Agency.

Any decision to use these stockpiles would be taken by the IEA's board, where all 28 member states are represented.

Chinese refinery demand was also up, as was demand for barrels being sent to the country's emergency stockpile, the IEA said.

The International Energy Agency says that full compliance with the December cuts would reduce oil stocks in rich countries rapidly.

The IEA can only release its reserves in response to stoppages in supply.

Such a decision has only been taken twice before.

The IEA even warned of the possible formation of a cartel for natural gas.

The IEA said tonight that peak oil critics had often wrongly questioned the accuracy of its figures.

It also has much to do with their own economic recovery and the end of quantitative easing measures.

The IEA is an adviser to 28 developed nations, all of whom are also members of the Organization for Economic Cooperation and Development.

Can you imagine the IEA deciding that private companies should get their noses out of the NHS?

The move is only the third time in the history of the IEA, established in 1974 as a counterbalance to Opec after the Arab oil crisis.

"The action served a market need by adding liquidity and bridging the gap to additional supplies from Opec countries, " read a statement.

As Cecilia Tam of the International Energy Agency, the rich countries' watchdog, puts it: "It is challenging, but feasible. "

The IEA warns that not enough investment is going in to guarantee future oil supplies.

The IEA called for greater investment in renewables and nuclear power to ease pressure on scarce and ever more expensive commodities.

Merrill Lynch, meanwhile, thinks the IEA underestimates the likely rate of decline.

The IEA's most worrying comment Friday concerned oil demand: 'The pace of contraction is close to early 1980s levels.

Fourth, world oil resources are, insists the IEA, sufficient to meet demand at prices close to $60 a barrel (in 2006 dollars).

More broadly, the IEA lays out the potential payback that could come from investment in energy efficiency.

That decline, the IEA reports, was the first in a decade.

'China's oil demand outlook has become increasingly crucial for global oil balances, ' the IEA said in a February report.

Both the IEA and Barack Obama had hinted in recent weeks that action to tackle high oil prices was on the cards.

The IEA's underestimation of energy demand in 2004 contributed to a global jump in oil prices.

Whatever the scenario, the IEA, nonetheless, expected strong prices for the commodity.

A U. S. official announced the request Tuesday in Beijing, saying it could bolster the IEA's ability to weather soaring energy prices.

"Oil prices are entering a dangerous zone for the global economy, " said Fatih Birol, the IEA's chief economist.

IEA member governments are committed to taking joint measures to meet oil supply emergencies.

The IEA bluntly says consumers and governments globally are doing too little to improve energy-supply security and to cut pollution.

In the past three years, crude-oil demand grew an average of about 9% a year, according to the IEA.

But the biggest factor in the development of global gas markets over the coming years is likely to be China, the IEA says.

Second, none of IEA's previous releases really worked.

The International Energy Agency, for instance, has cut its long-term forecast of oil consumption by almost a quarter.

Mr Birol's statement suggests that the IEA has extended a tentative foot into the other camp.

By 2025, the IEA forecasts, China will pass the United States to become the world's biggest spender on imported oil and natural gas.

Although oil prices dropped on Tuesday, the warning from the IEA will put pressure on Opec to increase its production.

The IEA declined to comment ahead of the official publication of the report next Tuesday.

At a 2 per cent rate, a range of international studies including the IEA's show that nuclear is easily competitive with coal.

Warmly welcome outstanding talents to join IEA for devoting into electro-acoustic career.

Those chiding the IEA for using emergency supplies as a price management tool have a point but they should consider the context.

The IEA outlook, a guidepost for industry trends, is scheduled to be released Nov.

In uncharacteristically firm language, the IEA warned oil producers in late May to boost output.

The IEA finds, for instance, that Chinese companies sell some Americas-produced oil in the Americas.

With more aggressive action on climate change and promotion of renewables, the IEA projects that share would increase to just 11 percent.

Even that rate of growth now looks difficult to attain, the IEA acknowledged on Tuesday.

A number of other bodies, such as the International Energy Agency, have shown similar results for carbon emissions growth this year.

Others suggested that the release could be a good time for China to buy oil, given China's need to fill its strategic petroleum reserve.

IEA's report points out that China's and India's governments are planning sustainable policies.

At current levels, the IEA calculates, nuclear power is cheaper than gas and almost as cheap as coal.

The International Energy Agency predicts that in 2010 China will become the world's largest consumer of energy.

"I am sorry to say this, but we are headed toward really bad days, " IEA chief economist Fatih Birol told TIME this week.

The IEA declined to comment ahead of the launch of the report on Tuesday next week.

Fatih Birol, the IEA's chief economist, argues the world needs a "revolution" in the energy and vehicle industries.

Among these, the most conspicuous is the International Energy Agency (IEA).

Fatih Birol, IEA chief economist, warned: "Our energy system's wheels may fall off. "

Fast-forward to 2010: The IEA is worried about, you guessed it, underinvestment on finding oil and developing reserves.

The IEA figures showed there could be a gap of 7m barrels a day between supply and demand by 2015.

But coming from the IEA, the source of closely watched annual predictions about world energy markets, it is a new and striking claim.

Critics have long complained the IEA often overestimates demand only to retreat later.

The Saudis were told about the IEA move and may not have objections: they too feel that the oil price is too high to sustain buoyant demand.

The IEA will present their analysis to both countries' authorities.

The IEA said, however, that U. S. primacy in world oil production could prove short-lived.

The Paris-based watchdog said China needs to spend billions more to update its power grid.

International Energy Agency (IEA) forecast that 80% petroleum consumption of China need to be imported in 2030.

The IEA cautioned that this was affected by the Easter holidays and "exceptional events" , notably the earthquake in Japan.

There is no evidence, according to the IEA, that the government forces its national oil companies to sell a quota of oil back to China.

The International Energy Agency (IEA) is the energy forum for 24 industrialised countries.

But the IEA's message is not that the resources are not there.

The IEA predicts Russian oil production will resume growth this year.

"New government policies introduced in the past year also contribute to slower demand, " the IEA says.

An approach of hyperspectral anomaly detection based on iterative error analysis (IEA) is presented.

But the IEA study also found that it is women themselves who are taking the decisions about child care.

As it stands, the IEA is the most bullish of the three main forecasters on 2010 demand growth.

The IEA predicted that the current global oversupply of gas could last for another 10 years.

The IEA says that Libya is the reason for the decision to release stocks.

Energy specialist said China has adpoted plenty of IEA's research results.

Renewables, too, will grow beyond the 2 per cent share suggested by the IEA.

The IEA calculates that their total value in 2006 was roughly $11 billion, less than half the amount for 2005.

Opec's hysterical reaction is a sign that its shots were effective.

The IEA, set up by Antony Fisher in 1955, promoted deregulation, privatisation, tax cuts, trade-union reform and the free market.

"This unusual pattern reflects the world's new oil demand dynamics, " the IEA said.

Peak oil critics have often questioned the IEA figures.

Third, the IEA estimates that output from existing fields will drop by almost two-thirds by 2030.

Nobuo Tanaka said, IEA cooperated with China on plan of establishing 30-days oil reserve.

At the same time, petrol consumption boomed "as motorists and travellers sought to take advantage of warm weather" , according to the IEA.

While the IEA focused its most recent outlook on China and India, it also forecast booming demand in the Middle East.

"Security of supply and climate change are what we are worried about, " Fatih Birol, the IEA's chief economist, said yesterday.

The I. E. A. said China's 2009 consumption of energy from oil and coal to wind and solar power was equal to 2. 265 billion tons of oil.

"There will be a big multiplier effect, " Fatih Birol, the IEA's chief economist.

That figure is about 4% more than the U. S. , which the IEA said burned 2. 17 billion tons of oil equivalent.

The IEA estimates oil demand this year will fall by 3%, the sharpest drop in about 30 years, to about 83 million barrels a day.

The IEA yesterday revised downward its demand outlook for 2009.

Some 90% of the power plants built in 2006 run on coal, the IEA notes, against 70% of those built in 2000.

That's over now, according to the International Energy Agency, or IEA.

But the IEA's move still sets a terrible precedent.

In a letter to the IEA, it seems as though Iran has admitted to this plant.

Production has peaked at 10 of the 11 biggest oilfields in the country, according to the International Energy Agency (IEA).

What a lovely creature! iea beautiful woman.

Yet the International Energy Agency still expects real oil prices to hit $115 by 2030.

At the end of August 2009, China had 16 nuclear reactors but had a capacity for 15, 220, according to the IEA's World Energy Outlook.

The International Energy Agency says the world's energy needs could be 50 per cent higher in 2030 than they are today.

The agency left its forecast for demand for OPEC's oil unchanged at 28. 7 million bpd this year.

China's own numbers for its 2009 energy consumption are lower than the IEA's.

When the IEA board made its decision on June 23, the price fell as low as $103. 62, only to rebound strongly in the weeks that followed.

The IEA reckons that overall investment will drop by 15-20% this year.

Global nuclear industry capacity could expand by more than 40 percent by 2030, according to the IEA.

According to the International Energy Agency, per capita energy consumption in China could be above the global average by 2035.

Bravo, then, to the IEA.

The International Energy Agency caused a stir in July when it said China used more energy than the U. S. last year.

The IEA expects real oil prices to hit $87 a barrel by 2015 and $115 by 2030 to make this all possible.

The IEA expects an oil price of $110 in 2030, or about $62 in today's money.

The IEA said annual non-Opec supply growth, including biofuels, would slow to 0. 5 per cent between 2008 and 2013.

The exchange continues a longstanding disagreement between China and the IEA.

By 2015, the IEA expects China to consume the equivalent of 2. 783 billion tons of oil compared to America's 2. 291 billion tons.

The basic approach of IEA is improved and it can discriminate between background endmembers and anomaly endmembers.

Last year, the IEA suggested that the price for the first big plants would be $40-90.

The IEA Medium Term Oil Market Report came as oil is approaching last year's record high.

As the IEA notes, energy-related CO2 emissions have increased from 20. 9 gigatonnes (Gt) in 1990 to 28. 8 Gt in 2007.

The IEA last year forecast that demand for nuclear energy would rise from 6 per cent in 2008 to 8 per cent in 2035.

Source: 30 years of energy use in IEA countries

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Head of the Oil Industry and Markets Division, IEA

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