By SAMUEL MOBOLAJI Nigeria has placed a ban on the export of coal as global demand is projected to weaken from 2026, reflecting mounting competition from renewable energy, natural gas and nuclear power, according to the International Energy Agency (IEA). The policy move comes as the IEA’s Coal 2025 market report forecasts a gradual decline in global […]
Saudi Arabian Energy Minister Khalid al-Falih said that 1.5 million of an agreed upon 1.8 million barrels per day (bpd) of oil had been taken out of the market in January. Falih estimated the growth of shale oil in 2017 at 200,000 to 300,000 barrels per day. “An estimate of 500,000 barrels of shale oil […]
The International Energy Agency has said that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables surpassed coal last year to become the largest source of installed power capacity in the world. The latest edition of the IEA’s Medium-Term Renewable Market […]