IEA: Global energy efficiency market ‘an invisible powerhouse’ worth at least USD 310 billion per year

The global energy efficiency market is worth at least USD 310 billion a year and growing, according to a new report from the International Energy Agency that confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market segment, with innovative new…

Gazprom supplying gas to Europe in line with contractual obligations

A working meeting between Russian President Vladimir Putin and Gazprom Management Committee Chairman Alexey Miller took place today. Alexey Miller reported to Vladimir Putin that European consumers were receiving gas supplies entirely in line with contractual obligations. The total accumulated gas supplies for export exceeded the planned amount by 3 billion cubic meters by early September. According to the Hydrometcenter forecasts, the upcoming wither in Russia will be colder…

IEA releases Oil Market Report for September

The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million barrels per day (mb/d) and 1.2 mb/d, respectively, because of a pronounced slowdown in demand growth in the second quarter of this year and a weaker outlook for Europe and China. Demand in 2015 is now set at…