Singapore / AFP Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told journalists on the sidelines of an energy conference in Singapore. “But we know that the producers are thinking of intervening in the markets. The OPEC and non-OPEC producers, if they intervene in the markets, this rebalance ...

  Bloomberg Renewable energy reached an important turning point last year with record new installations of emissions-free power surpassing sources that burn fossil fuel, according the International Energy Agency. New installations of renewable energy overtook conventional power for the first time in 2015, the Paris-based agency said on Tuesday in its Medium-Term Renewable Energy Market Report. Global green power rose ...

  Bloomberg China’s steel juggernaut is picking up speed closer to home. As governments in Europe and the U.S. limited supplies of Chinese metal they said was dumped on the market, the world’s largest producer is expanding exports to its neighbors in Southeast Asia. A third of all Chinese shipments now end up in countries like Vietnam, Thailand and the ...