Oil hits two-year low as global recovery falters September 11, 2014 BENCHMARK Brent crude oil yesterday fell to a two-year low as increasing supply and signs of weakening demand countered worries that conflicts in the Middle East could curb output. The price fell as low as $96.72 (£59.57), its lowest level since July 2012, as the International Energy Agency (IEA) yesterday cut its global oil demand [...]
World’s energy watchdog slashes renewables forecast August 28, 2014 The world's leading energy watchdog slashed its forecasts for renewable energy in a new report published today. The International Energy Agency (IEA) has warned the sector faced serious threats from policy uncertainty and grid integration risks. However, investment in renewable energy capacity is still expected to soar to $1.6 trillion by 2020. The IEA cut [...]
Labour’s landlord cap “could result in higher rental prices” September 8, 2014 Ed Miliband's plan to cap rent increases has come in for sharp criticism in a report released today by the Institute of Economic Affairs (IEA). Instead of focusing on limiting what Labour has called an "excessive" increase in rents, policy makers should look to radically liberalise the planning system to allow for more private rented [...]
General Election 2015: Back to the 30s? How Labour is misleading the electorate January 5, 2015 Friday 19 December 2014 was a happy day for many Londoners, marking their last in the office before Christmas. Yet amid all the festivities, you’d have been forgiven for missing something equally joyous. That Friday also marked the official start of the “long” UK general election campaign. Mercifully, the parties struck something of a [...]
Oil prices slide to four-year low as Opec digs in October 14, 2014 Brent crude slid below $85 yesterday, marking a four-year low for the commodity, after the International Energy Agency (IEA) predicted that oil demand would expand slower this year than it had since 2009. In its oil market report for October, the stated that the Organisation of the Petroleum Exporting Countries’ (Opec) crude oil output [...]
Brent crude oil price at 13-month low despite Iraq risk August 12, 2014 The price of Brent crude sank to a 13-month low yesterday, after the International Energy Agency (IEA) said oversupply in the market had offset “worrisome developments” in Iraq and other major oil producers. The industry benchmark fell to $102.65 (£61.06) during the day, the lowest price since 1 July 2013. In its closely watched monthly [...]
The fat lie: Britain’s rising obesity unmasked August 18, 2014 New research suggests the UK's rise in obesity has not been caused by, as many have suggested, high-fat foods and sugary drinks but by a lack of physical activity. Conducted by the Institute of Economic Affairs (IEA), the briefing paper argues against the claim that calorie consumption has been the primary cause of the UK's [...]
Global growth will boost oil use, says IEA January 21, 2014 GLOBAL oil demand will rise more quickly this year as economic growth in industrialised countries accelerates, absorbing more supply even as US shale oil production reaches record highs, the energy watchdog said yesterday. The International Energy Agency (IEA) said world oil consumption would increase by 1.3m barrels per day (bpd) in 2014, 50,000 bpd higher [...]
Dow falls over 400 points as S&P 500 goes into negative terriatory for the year October 15, 2014 Drops in US stocks have sent the S&P 500 into negative territory for the year, while the Dow dived over 400 points. At the time of writing the Dow had recovered from its 15,855 low to 15,595, still 2.02 per cent lower than at the open. The S&P 500 was down 2.1 per cent at pixel [...]
Six reasons why the UK’s pub industry is dying December 10, 2014 It looks like Britain's pub industry is struggling to get over a nasty hangover. Around 21,000 pubs have disappeared since 1980 and analysts expect thousands more to close before the decade is out, according to a new research by the Institute of Economic Affairs. But isn't Britain supposed to be a nation of binge drinkers? [...]