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International Energy Agency

Coal demand to burn slower over next 5 years: IEA

PARIS: World demand for coal will slow over the next five years as renewables and energy efficiency gain traction, the International Energy Agency predicted Monday. But much of Asia will remain hooked on coal which, while polluting, is…

OPEC output cut may hasten oil market rebalance: IEA

SINGAPORE: The oversupplied oil market will be rebalanced earlier than expected if major crude producers implement a deal to cap output when they meet next month, the International Energy Agency chief said Tuesday. Under current…

Oil prices slip further in Asia on supply woes

SINGAPORE: Oil prices extended losses in Asia Monday on expectations that a global supply glut will persist until late next year, while analysts said the climate deal agreed in Paris had made little impact on the commodity.