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The Latest Breaking News from IEA

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.

The Conversation

Australia could become the world’s first net-zero exporter of fossil fuels – here’s how

Australia could become the world’s first net-zero exporter of fossil fuels – here’s how

Australia is among the world’s top three exporters of LNG and second-largest exporter of coal. When burned overseas, these exports result in 1.1 billion tonnes of carbon dioxide emissions a year – almost three times Australia’s domestic emissions.

The Conversation

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

International Business Times

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Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

Air conditioning is 'exacerbating the climate crisis' but how many Europeans use it?

Cooling machines are part of a vicious heating cycle.

Death, violence and endless delay: Inside Africa’s most troubled energy project

IN FOCUS: Africa’s largest natural gas project was expected to drive Mozambique’s economy to new heights. The reality has been far different, writes Nick Ferris

The Independent UK

Tech giants see emissions surge 150 percent in 3 years amid AI boom: UN

Artificial intelligence, cloud computing and data centres led to a spike in electricity demand between 2020 and 2023.

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EV Batteries Got 20% Cheaper Last Year

EV Batteries Got 20% Cheaper Last Year

The good news: Cheaper batteries mean cheaper EVs, according to a new study from the International Energy Agency. The bad news: China is still moving faster.

AI could account for nearly half of datacentre power usage ‘by end of year’

AI could account for nearly half of datacentre power usage ‘by end of year’

Analysis comes as energy agency predicts systems will need as much energy by end of decade as Japan uses today

The Guardian - UK

Global clean energy goals at risk as China tightens grip on key minerals, IEA warns

Global clean energy goals at risk as China tightens grip on key minerals, IEA warns

Asian giant controls over half of world's refining capacity for lithium, cobalt and rare earths

The Independent UK

Report: World's supply of critical minerals for clean energy is concentrated in fewer countries

Report: World's supply of critical minerals for clean energy is concentrated in fewer countries

The world’s supplies of critical minerals are increasingly concentrated in just a few countries - most notably China - and subject to export restrictions that could painfully crimp industry and the shifter to greener ways of making things based on electricity instead of fossil fuels

The Independent UK

Demand for copper to dramatically outstrip supply within decade

Demand for copper to dramatically outstrip supply within decade

International Energy Agency says it is ‘time to sound alarm’ over future shortages of metal needed for low-carbon transition

The Guardian - UK

America's EV Outlook Just Got Bleaker. China Isn't Slowing Down.

America's EV Outlook Just Got Bleaker. China Isn't Slowing Down.

While much of the world races to build and sell more electric vehicles, America is on track to become an also-ran.

One in four cars sold this year will be electric, report says

One in four cars sold this year will be electric, report says

China continues to dominate with over half of global EV sales

The Independent UK

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Radio France Internationale

Global methane emissions still far above what countries report, IEA warns

The fossil fuel industry released more than 120 million tonnes of methane in 2024, keeping emissions close to record highs, the International Energy Agency said this week. The level has barely changed since 2019, despite global pledges to cut this powerful greenhouse gas.

2025 is ‘a pivotal year for methane mitigation’ in EU thanks to world-first rules. What’s changing?

Most of the methane emissions from fossil fuels used in Europe are tied to imports, the report also finds.

The Guardian - UK

Abandoned infrastructure one of the biggest polluters in the world – report

Emissions from abandoned coalmines, oil and gas wells globally are larger than any single country except China, the US and Russia

Europe's 'wake up call': What lessons can be learned from Spain and Portugal's power outage?

The International Energy Agency (IEA) says the world must add or replace 80 million km of grids by 2040 to meet climate targets and support energy security.

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EU and UK underline commitment to energy transition at London summit

The president of the European Commission has underlined the need for Europe to reduce its dependence on fossil fuels at an energy security summit hosted jointly by the UK government and International Energy Agency, despite US demands for Europe to ramp up LNG imports.

International Business Times

UK Hosts Global Energy Summit With Renewables Under Attack

An international summit on the future of energy security opens in London on Thursday amidst major disagreements over the role of renewables in satisfying the world's thirst for energy.

The Conversation

‘Energy security’ is being used to justify more fossil fuels – but this will only make us less secure

The UK government is about to host a summit with the International Energy Agency (IEA) on the future of energy security. It does so as the world grapples with war, geopolitical realignments and trade barriers, against a backdrop of accelerating climate upheavals. One of the expected outcomes of this summit…

Why fossil fuels are like renting a home - and solar panel imports soon pay for themselves

Ahead of the IEA’s summit on energy security this week, analysts are emphasising the benefits of solar and wind.

The Guardian - UK

China to snub UK energy summit amid row over infrastructure projects

Exclusive: Absence of world’s biggest clean energy producer will be welcomed by US pushing oil and gas exports

Energy Demand Concerns Undercut Crude Prices

May WTI crude oil (CLK25 ) Tuesday closed down -0.20 (-0.33%), and May RBOB gasoline (RBK25 ) closed up +0.0022 (+0.11%). Crude oil and gasoline prices on Tuesday settled mixed. Tuesday's stronger dollar weighed on crude prices. Also, Tuesday's action by the International Energy Agency (IEA) to cut its global...

Crude Prices Weaken as IEA Cuts its Global Crude Demand Forecast

May WTI crude oil (CLK25 ) today is down -0.23 (-0.37%), and May RBOB gasoline (RBK25 ) is up +0.0033 (+0.16%). Crude oil and gasoline prices today are mixed. Today’s stronger dollar is weighing on crude prices. Also, today’s action by the International Energy Agency (IEA) to cut its global...

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