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Commodities Briefing - Categorized | Energy, Market Moves, Trading more

IEA coal report predicts Australia will again be world’s top exporter

Posted on 20 December 2012

According to the International Energy Agency’s (IEA) annual Medium-Term Coal Market Report 2012 coal will rival oil as the world’s top energy source by 2017.
Although the growth rate of coal usage will slow from the “breakneck” pace of the last decade, the IEA forecasts global consumption in 2017 at 4.32 billion metric tons of oil equivalent (BTOE). The projection for oil is 4.40 BTOE………………………………………..Full Article: Source


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