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Pandemic pushing oil sector to the brink

By : Sustainability ..., Apr 1, 2020

It’s been a price meltdown that looks set only to worsen for the oil industry as Covid-19 pandemic slams demand. On Monday, the price of West Text Intermediate crude slid below $20 a barrel before clawing back slightly. International benchmark Brent Crude was still hanging in...

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Electric vehicles' rise may lead to slow global oil demand from 2025: IEA

By : Sustainability ..., Nov 14, 2019

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday. The Paris-based IEA, which advises...

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Coal demand resilient in Asia even as renewables pick up pace - IEA

By : Sustainability ..., Oct 31, 2019

Coal demand in Asia will grow in coming years primarily due to its affordability as the region needs to power up its fast-growing economies, a director of the International Energy Agency (IEA) said on Wednesday. The region will continue to see widespread use of coal,...

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Electric Vehicle Adoption Overshadowed By SUV Boom

By : Sustainability ..., Oct 17, 2019

There are now 200 million SUVs on the roads globally, up from 35 million in 2010, according to data the International Energy Agency (IEA). In fact, 60 percent of the increase of the global vehicle fleet since 2010 came from SUVs. Because SUVs are significantly less fuel...

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