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Commodities Briefing - Categorized | Energy, Oil more

Coal to approach oil as top energy source by 2017, IEA says

Posted on 19 December 2012

Global coal demand will rise 2.6 percent annually in the next six years and challenge oil as the top energy source, according to the International Energy Agency.
Coal consumption will climb to 4.32 billion tons of oil equivalent by 2017, compared with about 4.4 billion for oil, the Paris-based agency said today in its first Medium-Term Coal Market Report. Usage will rise in all regions except the U.S., where cheap natural gas has damped demand, the IEA said………………………………………..Full Article: Source


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