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World Energy Outlook

23 January 2014, CNBC-TV18

With the global energy landscape changing, mainly due to US shale gas revolution and also Brazil turning into oil exporter there will be sea change in the trade of oil and gas which could have different impact on different countries world over feels Fatih Birol, Chief Economist, IEA.

22 January 2014, The Energy Collective

If Europe Had One Voice, Energy Prices Could be Reduced," Claims IEA's Fatih Birol

20 January 2014, Nikkei

Fatih Birol, chief economist of IEA, pointed out that Japanese industries, such as Iron and Steel and petrochemical, couldn’t keep competing internationally if much higher electricity prices should continue with zero nuclear power. He also showed his projection that Japan would need to pay an additional 1.3 trillion yen per year for import bills to compensate zero nuclear with increased fuel imports. There are expectations in Japan that shale gas from the U.S. might replace nuclear, but Dr. Birol warned not to expect too much even if it is realized, considering its associated costs such as transporting.

11 January 2014, The Economist

It is the growing cost of subsidies, rather than worries about climate change, that explains the renewed interest in cutting them, says Fatih Birol at the International Energy Agency (IEA). They have become unaffordable as global oil prices have more than doubled between 2009 and 2012. In Jordan, for instance, their cost increased more than tenfold in just two years. And in many other countries they now account for more than 5% of GDP.

31 December 2013, Edmonton Journal

Fatih Birol, IEA’s chief economist, says OPEC will have gained $1.2 trillion in oil exporting revenue in 2013, or about 50 per cent more than in 2007. In the same time span, the cartel’s production has increased by less than five per cent, or just 1.4 mmbpd since 2007.

23 December 2013, Balkans Business News

Turkey’s energy imports bill is expected to reach $80 billion by 2020 so Turkey must create alternative ways to meet its increasing energy demand, chief economist of the IEA, Fatih Birol, told Anadolu Agency. He added that he believed Turkey would be the most important energy hub in the world in the coming five years.

14 December 2013, Daily Finance

Addressing pollution is one of China's top priorities. Last week, however, states of emergency were declared to cope with the smog. But the problem isn't China's alone. Though natural gas accounts for the bulk of the energy mix in Southeast Asia, the IEA's chief economist Fatih Birol warned the region's economy was moving from green to black because of the abundance of cheap coal.

13 December 2013, Business Insider

Fatih Birol is one of those people who run the world without the man in the street ever having heard of them. From a discreet office in Paris, he keeps an ever-sensitive finger on the world's pulse.

12 December 2013, Forbes

The International Energy Agency’s World Energy Outlook 2013 highlighted the danger – current energy consumption puts the world on course for an increase in average temperatures of 3.6°C, far in excess of the 2°C the international community is aiming for. To have any hope of meeting the 2°C, we need to leave two thirds of current fossil fuel reserves underground, the IEA says.

9 December 2013, Nobel Week Dialogue

Birol described how, thanks to Brazil’s aggressive push into biofuels means that the discovery of large offshore oil reserves will turn it into a significant exporter, instead of selling that oil consumed domestically. Meanwhile, projections suggest that Mid-Eastern countries are on track to consume as much energy in 2030 as China does today.