IEA

Global Oil & Gas: Oil Unchanged as Market Struggles for Direction

Posted on by Mozambique Resources Post
Global Oil & Gas: Oil Unchanged as Market Struggles for Direction

Oil narrowly held onto a four-day winning streak as investors weighed a mixed supply-and-demand outlook. West Texas Intermediate settled unchanged near $78 a barrel, erasing an equities-led morning rally. The US benchmark has struggled for direction — crossing above its 200-day moving average just one week after breaching it on the way down. Prices earlier tested the 13-day moving average, another key resistance level, before retreating.  While oil demand is healthy, according to the International…

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First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

Posted on by Mozambique Resources Post
First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

The International Energy Agency will host the first ever international summit on critical minerals and their role in clean energy transitions on 28 September 2023 in Paris. The IEA Critical Minerals and Clean Energy Summit will take place at IEA headquarters in Paris and will focus on measures to promote the secure, sustainable and responsible supply of raw materials that have a central role the global clean energy transition. Please note the new information for media and press access further down…

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International Cooperation required to get in track for 1.5C Climate Goal – IEA

Posted on by Mozambique Resources Post
International Cooperation required to get in track for 1.5C Climate Goal – IEA

Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, easier and cheaper for all, according to the latest Breakthrough Agenda Report. The new report – an annual collaboration between…

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Global Market: America to lead global oil supply growth, no peak demand in sight

Posted on by Mozambique Resources Post
Global Market: America to lead global oil supply growth, no peak demand in sight

The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.

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