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Added on the 20/01/2016 12:22:15 - Copyright : France 24 EN
Huge overhang from the past two years could be dampening oil price recovery, according to the International Energy Agency. Fred Katayama reports.
The International Energy Agency said unusually mild weather and rising supply will keep the oil market oversupplied until at least late this year. Fred Katayama reports.
UN humanitarian chief Martin Griffiths says that he saw promising signs that the Kerem Shalom crossing from Israel into the Gaza Strip might be opened soon to allow aid in. "We're still negotiating, and with some promising signs at the moment, access through Kerem Shalom... that that may be able to open soon," Griffiths told a press conference in Geneva. IMAGES
UN climate chief Simon Stiell accuses nations of "posturing" at the COP28 talks in Dubai and urged them to reach an ambitious deal to ensure the world meets its targets against global warming. Stiell called a brief press conference as countries were sharply divided over the fate of fossil fuels in a new draft agreement, with a week left for negotiators to reach a deal. SOUNDBITE
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
The head of the IMF warns that Western subsidies to combat climate change and encourage the transition to clean energy sources risk hitting developing and emerging markets. "My biggest concern is that something that in principle is very good to accelerate the transition to the green economy by using public money to step up private investment... may not serve well the emerging markets and the developing world," Kristalina Georgieva says at the World Economic Forum in Davos. SOUNDBITE
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