5 December 2014, Reuters
Fatih Birol, chief economist with the International Energy Agency, said on Friday he sees oil prices rising to near $100 a barrel in the coming years. Analysts also expect oil prices to rebound in the next two years, averaging $82.50 a barrel in 2015, a Reuters poll showed.
2 December 2014, Business Week
The International Energy Agency estimates the planet is on track to warm by 3.6 degrees Celsius. Investment in renewables needs to quadruple to an average of $1.6 trillion every year through 2040 to meet the 2-degree target, IEA Chief Economist Fatih Birol said.
2 December 2014, Reuters
Fatih Birol, Chief Economist with the International Energy Agency, said on Friday he sees oil prices rising to near $100 a barrel in the coming years. Analysts also expect oil prices to rebound in the next two years, averaging $82.50 a barrel in 2015, a Reuters poll showed.
1 December 2014, China Daily USA
Mexico and Venezuela must open their oil sectors to outside investment while Brazil needs technology and the financing to realize the huge potential for its offshore reserves in the Atlantic Ocean, according to the chief economist for the International Energy Agency (IEA).
28 November 2014, Wall Street Journal
The International Energy Agency’s chief economist on Friday urged oil producers to boost investment in new projects to meet an anticipated rise in demand, a move that he said may avoid oil price spikes in coming years.
27 November 2014, Manila Standard Today
Rapid carbon cuts are the only way to stop severe impact of climate change. All adaptation strategies in the world cannot prevent global warming. Rajendra Pachauri, IPCC chairman, believes that we have only very limited time, perhaps a few decades, to transition to a low-carbon growth path. Lima is therefore a pivotal turning point: If there is no successful negotiations in Lima, there will be no agreement in Paris next year. This means that “the door to [holding temperatures to 2°C of warming] will be closed forever,” in the vivid phrase of Fatih Birol, chief economist at the International Energy Agency.
26 November 2014, Financial Times
Fatih Birol, chief economist of the Paris-based International Energy Agency, said the rise of the Islamic State of Iraq and the Levant, or Isis, was causing the agency to reassess its expectations of crude supplies because the Islamist group was deterring investment in production. Speaking to the Financial Times in New York, Mr Birol said instability in the Middle East, and especially in Iraq, had “major implications” for oil markets.“Suddenly a new parameter has come into the oil markets,” he said. “In the past we talked about prices, supply, demand and economic growth. Now there is a new parameter: Isis.”
25 November 2014, China Daily USA
Fatih Birol, chief economist at the IEA, said on Monday that half of the 80 GW of nuclear power capacity now under construction in the world is located in China. According to the IEA, about 45 percent of the growth in nuclear generation by 2040 will come from China, while 30 percent will come from India, South Korea and Russia. In a Monday talk on the IEA's report World Energy Outlook 2014, Birol praised the recent climate agreement reached by Chinese President Xi Jinping and US President Barack Obama. He said China's nuclear energy plan will be important in reducing the share of coal in its energy mix, as well as in reducing emissions of carbon dioxide.
25 November 2014, Washington Times
Falling global oil prices may be good for consumers, but pose new challenges for America’s producers, according to a new global energy survey issued this week by the International Energy Agency.
24 November 2014, Breaking News Trinidad and Tobago
The IEA Chief Economist, Dr. Fatih Birol, warned that current supply/demand dynamics in the global oil market run the risk of instilling a dangerous level of complacency around future oil supply that could lead to a sharp and unexpected tightening in the future oil balance. In particular, Dr. Birol pointed to current strong growth in US tight oil as only a “temporary” phenomenon and that the Middle East will become even more important for global oil supply growth in the long term.