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.
Slowing the expansion of nuclear power will harm efforts to fight climate change, push up energy prices and set back goals to secure power supplies, said Fatih Birol , chief economist at the International Energy Agency.
Middle Eastern companies lag behind those in the rest of the world in reporting carbon-dioxide emissions. They mirror governments in a region that for the first time is hosting global talks to limit climate change.
U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.
Weg SA, the only Brazilian wind- turbine maker, is vying for a slice of $7.6 billion in contracts set to be awarded in the next decade even as a supply glut and slumping demand drive prices to a record low.