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World squeezing more from energy despite oil supply glut, says IEA

The findings will help nations meet their ambitions of reducing greenhouse gases
Tuesday, October 11, 2016 - 05:50
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The world is squeezing more from the energy it uses even though markets are awash in cheap oil and natural gas, a report from the International Energy Agency showed.

London

THE world is squeezing more from the energy it uses even though markets are awash in cheap oil and natural gas, a report from the International Energy Agency showed.

Energy intensity, which measures the amount of fuel consumed per unit of gross domestic product, fell 1.8 per