Southeast Asia to drive oil outlook

WHILE green groups watch with glee as oilers struggle with low oil prices and increasingly high-cost and technically challenging exploration frontiers, industry can take heart in the International Energy Agency's latest report which sees surging energy demand driven by Australia's own region.

Despite policies aimed at scaling up the deployment of renewable resources, the IEA's World Energy Outlook Special Report on Southeast Asia says the share of fossil fuels in the region's energy mix is