The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

Oil prices fell to their lowest level in more than a year as the slowing global economy led the International Energy Agency to cut its forecast for global demand.

Oil prices fell to their lowest level in more than a year, as the slowing global economy led the International Energy Agency to cut its forecast for global demand.

Crude oil prices briefly returned to triple-digit territory on Thursday, but gave up most of their gains to fall below $100 a barrel by the end of the day.

To understand why fuel prices in the U. S. have soared over the last year, it helps to get an idea of how foreign governments are subsidizing energy prices at home.

The International Energy Agency said that demand for oil should continue to climb, despite the doubling of oil prices and the weakening economic growth.

Record oil prices and shrinking subsidies in some emerging countries will affect global demand, a leading energy forecaster said Tuesday.