Thu, Aug 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Energy more

Asia holds power balance in global energy market: IEA

Posted on 29 November 2013

Asia’s surging energy use means it has leverage to demand cheaper prices and holds the balance of power in the global market, the head of the International Energy Agency (IEA) said Thursday.
Executive director Maria van der Hoeven said China’s growing appetite for new energy sources will drive up demand over the coming decade, replaced by a rising India in the 2020s and fast-developing Southeast Asian nations after that. “These developments together make Asia the unrivalled centre of global oil trade as the region draws in rising shares of available crude oil,” she told a news briefing in Tokyo, part of a roadshow to promote the agency’s annual report………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36658 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31