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The Latest Breaking News from Fatih Birol

OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Asharq Al-Awsat

Saudi Aramco Hikes Official Selling Prices of Arab Crude

Saudi Aramco has increased Official Selling Prices (OSPs) for April-loading crude to Asia, Europe, and America largely in line with expectations of oil demand recovery during the second quarter of 2023. For Aramco's key customer base in Asia, differentials for the flagship Arab Light grade were lifted to Platts Dubai/DME…

Asharq Al-Awsat

Russian oil and gas revenue falls nearly 40%

STOCKHOLM: Russia’s revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow’s most lucrative export, the International Energy Agency (IEA) said on Tuesday.

Bangkok Post

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3% of oil profits could clean up methane

"There is just no excuse" for the rise in methane emissions last year, IEA director says

Salon

Energy agency chief: "No excuse" for high methane emissions

The International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming

The Independent UK

Electricity supplier EDF loses €18 billion, worst result in company's history

The national electricity generator EDF has reported one of the worst years in French corporate history, losing €18 billion and seeing debt rise to an unprecedented €65 billion in 2022. The impact of the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled entity.

Radio France Internationale

Renewables and nuclear can handle almost all new electricity demand in the next few years

The clean energy transition is well underway, but some big outliers remain.

Fortune

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‘Ridiculous’: Greta Thunberg blasts decision to let UAE oil boss chair climate talks

Climate activist at Davos says lobbyists have been influencing conferences ‘since forever’

The Guardian - UK

Davos 2023: Greta Thunberg to meet IEA chief Birol

Greta Thunberg is set to meet International Energy Agency (IEA) executive director Fatih Birol in Davos on Thursday, organisers of a fringe round-table event at the World Economic Forum's (WEF) annual meeting told Reuters.

Reuters

Davos 2023: EU to counter U.S. climate game changer with own green deal

The European Union responded on Tuesday to U.S. moves to boost its energy transition with its own plans to make life easier for green industry, saying it would mobilize state aid and a sovereignty fund to keep firms from moving to the United States.

Reuters

Europe shifts focus to avoiding energy shortage next year

The heads of the International Energy Agency and European Union’s executive branch say the 27-nation bloc is expected to weather an energy crisis this winter

The Independent UK

Giving up on 1.5C climate target would be gift to carbon boosters, says IEA head

Exclusive: Fatih Birol says claims that limit is dead are ‘factually incorrect and politically very wrong’

The Guardian - UK

IEA chief sees energy crunch for Europe next winter

The head of the International Energy Agency says Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves but warned that the continent could face a bigger energy crisis next winter

The Independent UK

Cop27: crucial climate talks more fragile than ever after year of turmoil

With war in Ukraine and a cost of living crisis, the global picture is much changed since last year’s conference

The Guardian - UK

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The Guardian - AU

Conservatives insist policies to cut emissions drive up power bills. There’s net zero evidence for that

The International Energy Agency has laid to rest the persistent myth that net zero policies are responsible for soaring energy prices

WEKU

An influential energy group sees reason for climate optimism

For the first time, the International Energy Agency projects that demand for fossil fuels will soon peak. It's nowhere close to the speed the world needs to stop climate change - but it's a big step.

The Guardian - UK

First Thing: Climate crisis funds ‘not delivered’ to countries in grave need

With famine in Somalia almost inevitable, $100bn a year pledge criticised. Plus, China is locking down parts of Wuhan again

Al Jazeera

Ukraine war to speed shift to green energy, IEA says

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies.

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The Guardian - UK

Carbon emissions from energy to peak in 2025 in ‘historic turning point’, says IEA

International Energy Agency says Ukraine invasion boosted state spending on clean energy and ‘will accelerate transition to renewables’

The Independent UK

Report: Global crises can speed up move to clean energy

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest report by the Paris-based International Energy Agency

Reuters

World is in its 'first truly global energy crisis' - IEA's Birol

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday.

Bangkok Post

Fourth leak detected in Russian gas pipelines

STOCKHOLM: A fourth leak has been detected in undersea gas pipelines linking Russia to Europe, the Swedish Coast Guard said Thursday, after explosions were reported earlier this week in what NATO called "reckless" sabotage.

Reuters

IEA Birol: "very obvious" who was behind the Nord Stream sabotage

Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was "very obvious" who was behind the suspected sabotage against the Nord Stream pipelines which caused major leaks into the Baltic Sea.

France 24

IEA director says energy crisis a 'test' for European solidarity

Will Europe have enough energy to make it through the winter, as Russia tightens the taps? Fatih Birol, Executive Director of the International Energy Agency, thinks so. He tells FRANCE 24: "I believe this winter will be a major energy test for Europe, but at the same time it is…

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

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