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The Latest Breaking News from IEA

EXCLUSIVE: ESG Expert Talks Evolving Bitcoin Mining Narrative, 'Impunity' In Other Industries' Energy Use

Bitcoin mining was long under scrutiny due to environmental concerns associated with the industry, but as more studies emerge about the role the sector plays in the world's transition toward sustainable energy sources, the tides may finally be changing.

International Business Times

Dollar Weakness and Tight US Oil Supplies Push Crude Prices Higher

August WTI crude oil (CLQ24 ) Thursday closed up +0.52 (+0.64%), and Aug RBOB gasoline (RBQ24 ) closed up +1.44 (+0.58%). Crude oil and gasoline prices posted moderate gains on Thursday. The slump in the dollar index (DXY00 ) on Thursday to a 1-month low is bullish for energy prices....

Barchart

3 Undervalued Energy Stocks Poised for a Comeback

As the energy sector navigates the complexities of fluctuating oil prices and shifting global demand, some undervalued stocks show signs of potential resurgence. Therefore, Energy Transfer (ET), VAALCO Energy (EGY), and Obsidian Energy (OBE), each trading under $20, might be solid buys now to capitalize on the current oil market…

StockNews.com

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Crude Prices Supported by Dollar Weakness and Tighter US Supplies

August WTI crude oil (CLQ24 ) today is up +0.47 (+0.57%), and Aug RBOB gasoline (RBQ24 ) is up +1.79 (+0.72%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index to a 1-month low is bullish for energy prices. Crude also has carryover support...

Barchart

Oil Demand Growth Slowing, China Consumption Dips: IEA

The Paris-based body that advises industrial nations on energy policy said oil demand increased by just 710,000 barrels per day in the second quarter, the slowest rate in over a year.

Latin Times

‘Will you stop exploring yours?’: Latin America forges ahead on new oil frontier

About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

The Guardian - UK

Is AI A Major Drain On The World's Energy Supply?

When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed the finger at artificial intelligence.

International Business Times

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My New Spectator (UK) Article on "The (Selfish) Case for Immigration"

The article explains how immigration has major benefits for receiving-country natives, with a focus on Britain.

Reason

Revealed: how Sunak dropped smoking ban amid lobbying from tobacco firms

Investigation details industry campaign including legal threats and charm offensive aimed at Tory MPs

The Guardian - UK

The Facts Are In: It’s Not Looking Good For Internal Combustion

The "EV slowdown" is overblown. It's internal-combustion cars that are on their way out.

InsideEVs

3 Bargain Oil and Gas Stocks Positioned for Recovery

Amid rising oil prices and promising forecasts for global demand, it could be wise to invest in fundamentally sound energy stocks HF Sinclair Corp. (DINO), Energy Transfer (ET), and Cenovus Energy (CVE) that are trading at a discount to their peers. Read on….

StockNews.com

The world no longer needs new fossil fuels – and the UK could lead the way in making them taboo

North Sea oil and gas has become a battleground issue in the UK general election.

The Conversation

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,” IEA said.

Fortune

Fill ‘er up! Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

It comes as gas prices begin to decline once again across the US, bringing relief to drivers paying a little less to fill up their tanks

The Independent UK

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The Conversation

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

International Business Times

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

Ivory Coast Bets On Solar In Clean Energy Drive

The sun beats down from a cloudless sky on the town of Boundiali, where Ivory Coast's first solar power plant embodies the drive to embrace clean energy without abandoning fossil fuels.

International Business Times

Solar Investment Outstrips All Other Power Forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

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The Guardian - UK

Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals

Al Jazeera

Tripling clean electricity by 2030 achievable: International Energy Agency

The IEA says countries’ domestic ambitions achieve 70 percent of the goal, but experts warn goals are hard to achieve.

The Guardian - UK

World will miss target of tripling renewable electricity generation by 2030 – IEA

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The Guardian - UK

‘Yes, Lego car!’: why small electric cars could be about to break the grip of SUVs

The 500kg Microlino is part of a new set challenging the ever-increasing domination of huge cars

The Conversation

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

The Guardian - UK

Can heat pumps be installed in older properties?

Critics claim the technology is best suited to newbuilds – but studies reveal success with retrofits and in poorly insulated homes

Caixin Global

Nine Out of Ten Cars Sold in China Will Be NEVs by 2035, Report Says

Global sales expected to pass 70 million by 2035, although concerns raised over slowing momentum

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