To emphasise the aviation industry’s commitment to its emissions reduction goals, the International Air Transport Association (IATA) urged the International Energy Agency (IEA) to prioritise investment in sustainable aviation fuel (SAF) to help power aviation’s contribution to the post-COVID-19 recovery, according to a press release. IATA’s call comes on the eve of the IEA Clean Energy Transitions Summit where much of the debate revolves around working towards a low-carbon future. With … [Read more...] about IATA pushes sustainable fuel production to aid aviation’s post-COVID-19 recovery
IEA
Oil production surplus highest in 17 years: IEA
A global glut of oil is forecast to last through 2016 despite the strongest demand growth in five years and faltering supply, both of which have failed to clear the surplus, according to the International Energy Agency (IEA) in its latest monthly report. This has seen jet fuel prices slide more than 47 per cent compared with a year ago, according to the latest statistics from the International Air Transport Association (IATA). The global oversupply will average 1.4 million barrels a day in … [Read more...] about Oil production surplus highest in 17 years: IEA
