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News

4 September 2008
IEA Energy Policies Review: The European Union 2008
read press release...

1 September 2008
IEA Statement on Hurricane Gustav click here

9 July 2008
IEA Welcomes G8 Call for Action on Energy Security and Sustainability
see press release...
see IEA report to the G8 Summit in Hokkaido...
see IEA Executive Director's lunch intervention...
see Nobuo Tanaka’s intervention on climate change at the MEM Leaders’ Meeting...

1 July 2008
The 2008 Edition of the Medium-Term Oil Market Report has now been released
see press release....
see Lawrence Eagles release speech...

26 June 2008
The publication Energy in the Western Balkans - The Path to Reform and Reconstruction is released.
read the press release...
read the press release in Serbian...

20 June 2008
IEA view on Producer-Consumer Oil Talks in Jeddah
read press statement...

12 June 2008
IEA invited to participate in producer-consumer talks in Saudi Arabia on 22 June
read press release...

9 June 2008
IEA launches Energy Policies of IEA Countries – Japan -- 2008 Review in Japan
read press release in English…
read press release in Japanese...




8 June 2008
IEA Executive Director , Nobuo Tanaka, participated in the Five-Country Energy Ministers Meeting in Aomori, Japan.
see presentation...
see notes…

Mr. Tanaka also presented the key findings of the IEA’s 3-year G8 Gleneagles Programme to the G8, China, India and Korea Energy Ministerial Meeting in Aomori.
see presentation...
see notes...

News Archive

Forthcoming Publications

18 September 2008
Natural Gas Market Review 2008
Optimising investments and ensuring security in a high-priced environment

29 September 2008
Deploying Renewables: Principles for Effective Policies
2008

Latest Publications

04 September 2008
IEA Energy Policies Review: The European Union 2008
2008 Review
see press release...

01 August 2008
Natural Gas Information 2008
with 2007 data

IEA in the Press

Reuters, 26 August 2008

With regards to the soaring oil prices IEA Executive Director Nobuo Tanaka calls on OPEC to leave its output unchanged when they meet on September 9. Even with prices down after the record high of USD 147 a barrel in July the current prices “are still too high and harmful to global economy, especially emerging markets”. Considering the current situation with a drop in demand in the United States and many European countries, Mr. Tanaka said, “it is very important to maintain the output level” in order to bring prices down further.

Der Spiegel, 11 August 2008

The German magazine ran an interview with IEA Executive Director Nobuo Tanaka on the current and future situation of the oil market, quoting him as warning of a possible supply crunch if investment does not come on stream. Even though the situation will ease in the next one to two years, Mr. Tanaka said, “after that, the situation could become tense again”. Global net decline rates for mature fields are estimated to rise to about 5% per year. “This means that we would need over 3.5 mb/d of new production each year only to maintain the current world production level,” he added.

Dow Jones, 08 August 2008

Addressing the ASEAN Energy Business Forum in Bangkok, IEA Executive Director Nobuo Tanaka said that Southeast Asian countries needed to provide more timely data on their oil inventories to boost regional energy security. “Despite the recent drop, oil prices are still high (…) such data is essential”, he said. At their annual meeting in the Thai capital, Southeast Asian countries had been discussing ways how to improve their energy supply security, including plans to start a “regional stockpile” of emergency oil supply.

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