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The Latest Breaking News from IEA

Global oil demand on course for record as China’s economy rebounds

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

The Guardian - UK

Lawmaker pushes to scrutinize state program for children in mental health crisis

A WBEZ investigation found the SASS program fails to ensure thousands of children get any follow-up help, let alone the type of intensive behavioral health support many need.

Chicago Sun-Times

Revealed: UAE plans huge oil and gas expansion as it hosts UN climate summit

Exclusive: UAE’s fossil fuel boss will be the president of Cop28, making a mockery of the summit, say campaigners

The Guardian - UK

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U.N. Climate Report Recommends Ending Fossil Fuel Subsidies

One place where environmentalists and libertarians are on the same page

Reason

New oil and gas not consistent with 1.5C

New oil and gas fields are not consistent with 1.5C of warming but the Government has just approved one and opened up applications for more.

Newsroom.co.nz

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

Crude Prices Firm as the Dollar Falls

May WTI crude oil (CLK23 ) this morning is up +0.62 (+0.87%), and May RBOB gasoline (RBJ23 ) is up +4.90 (+1.91%). April Nymex natural gas (NGJ23 ) is up +0.030 (+1.38%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Dollar weakness is...

Barchart

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China's Mekong dams turn Thai fishing villages into 'ghost towns'

CHIANG KHONG, Thailand: From February to April each year, Kam Thon spends most of her days knee-deep in the waters of the Mekong River by her village in northern Thailand, gathering river weed to sell and cook at home.

Bangkok Post

CO2 emissions may be starting to plateau, says global energy watchdog

IEA records rise of less than 1% from energy use in 2022, but 7% reduction needed every year this decade to meet emissions goal

The Guardian - UK

Carbon emissions hit record high in 2022 despite jump in renewables

Carbon emissions from energy production around the world hit a new record high last year, but they rose less than expected because of renewables, according to the International Energy Agency.

Radio France Internationale

Fossil fuel subsidies surge amid war

European Union countries spent big to fight rising costs

Salon

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

Carbon emissions from global SUV fleet outweighs that of most countries

The Guardian - UK

Sun, wind aplenty, Spain vies to lead EU in green hydrogen

Spain is building on its reputation in renewable energy to position itself as Europe’s future leader in green hydrogen

The Independent UK

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The Guardian - AU

Methane emissions ‘incredibly cheap’ to cut without needing offsets, safeguard mechanism inquiry told

Hearing into Labor’s changes to the scheme told a 75% reduction in methane was possible using commercially competitive existing technology

Newsroom.co.nz

Grim news for the planet, great news for Channel Infrastructure

If you thought climate change fears might curb our love affair with flying, think again. A new report predicts we – and the stuff we buy and sell – will be flying more than ever

ABC News

How feed additives could cut methane emissions from livestock by 90 per cent

Scientists are developing pills, powders, and pellets to slash livestock methane emissions — one of the biggest environmental challenges facing the meat industry. But will they work in the real world of farming?

The Guardian - AU

Methane from Australian coal and gas could be 60% higher than estimated

Data released by the International Energy Agency leads to renewed calls for more emission cuts and block on new projects

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news in one place.

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Salon

3% of oil profits could clean up methane

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

The Independent UK

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

Investors Business Daily

Exxon Mobil Stock Breaks Out On Russia's 500,000 Barrel Threat

Exxon Mobil advanced Friday after Russia announced it will cut its oil output by 500,000 barrels a day next month, sending crude prices higher.

Fortune

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.

Asharq Al-Awsat

IEA: Asia Set to Use Half of World's Electricity by 2025

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia's electricity use will be in China,…

The Independent UK

IEA: Asia set to use half of world's electricity by 2025

The International Energy Agency says Asia will for the first time use half of the world’s electricity by 2025

Investors Business Daily

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

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