The International Energy Agency has warned Wednesday that the world faces serious dangers from global warming unless it radically alters its planned investments in new oil and coal facilities.
The International Energy Agency, a coalition of oil-importing nations, announced plans to release 60 million barrels of crude from emergency stockpiles over the next month, shocking traders and slashing prices, especially for light sweet oil.
The natural gas industry could experience a "golden age" due to strongly growing demand in Asia and the Middle East, the International Energy Agency said Tuesday.