Fatih Birol News
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A Ghanaian project to use faster- cooking stoves that burn less fuel has been given its first batch of voluntary carbon credits, according to ClimateCare.
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The European Union’s decision today to impose sanctions against the purchase of oil from Iran allows customers time to find alternative supply, the International Energy Agency said.
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President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.
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Oil declined for the fifth time in six days after U.S. gasoline consumption tumbled to the lowest level in 10 years and inventories rose.
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America's most-senior military officer is due to meet Israeli leaders today to discuss Iran’s nuclear program, a day after European Union governments reached a preliminary agreement to freeze the assets of the Iranian central bank.
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Greece is seeking assurances that a potential European Union embargo on oil imports from Iran won’t push the Greek economy over the brink by forcing it to seek higher-cost oil elsewhere, said a European diplomat with knowledge of the matter.
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The International Energy Agency hopes that the Organization of Petroleum Exporting Countries will make a “responsible decision” on oil production at its meeting in Vienna next week, Chief Economist Fatih Birol said.
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A boom in liquefied natural gas exports and growing demand in Asia may pave the way for a trading hub in Singapore and a benchmark price for the fuel, according to the International Energy Agency.
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Record demand for liquefied natural gas in Japan and a boom in North American supplies are boosting the prospects for an LNG-trading hub in Asia and the region’s first benchmark price for the fuel.
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U.S. fuel imports will decline through 2035 and the nation will be “less vulnerable to oil price shocks” in the future, the International Energy Agency’s Chief Economist Fatih Birol said.
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