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The Latest Breaking News from the International Energy Agency

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...

Barchart

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...

Barchart

Air conditioner use driving up emissions as global heating bites

Record high temperatures last year fuelled demand for air conditioning, in turn driving an increase in dirty coal-fired power generation in a dangerous feedback loop revealed by a new global survey from the International Energy Agency.

Euronews

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EVs and datacentres driving new global ‘age of electricity’, says watchdog

Forecast for rising global electricity use likely to stoke fears of rising costs and stalled efforts to fight climate crisis

The Guardian - UK

3 reasons to fear humanity won’t reach net-zero emissions – and 4 reasons we might just do it

Within hours of taking office last week, President Donald Trump made good on his pledges to wind back the United States’ climate action – including withdrawing the US from the Paris Agreement.

The Conversation

Trump pumps coal as answer to AI power needs but any boost could be short-lived

President Donald Trump's return to office could bring some temporary relief to the beleaguered U.S. coal industry

The Independent UK

IEA forecasts record nuclear electricity production in 2025

Nuclear-powered electricity generation is on track to reach a record high in 2025, with forecasts indicating it will make up nearly 10 percent of global energy production, the International Energy Agency (IEA) said Thursday.

Radio France Internationale

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Five facts about electric vehicles in 2024

Here are a few takeaways on electric vehicles in 2024: As of November, the global EV market grew by 25% year-over-year

The Independent UK

Global coal demand to reach record high in 2024, IEA finds

Global consumption of coal is set to reach a new peak in 2024 – driven by rising demand in China, India and Indonesia, the International Energy Agency (IEA) said in its latest report, released Wednesday.

Radio France Internationale

Odour of oil and return of Trump hang heavy over Cop29 in Baku

Prospects of strong outcome appear dim but there is hope the talks will address pressing issue of climate finance

The Guardian - UK

Carbon pollution from high flying rich in private jets soars

A new study says private jet carbon pollution soared 46% from 2019 to 2023

The Independent UK

'Age Of Electricity' Coming As Fossil Fuels Set To Peak: IEA

More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

International Business Times

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a new report by the International Energy Agency

The Independent UK

Can Carbon Credits Help Close Coal Plants?

A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.

International Business Times

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International Business Times

Coming Winter 'Sternest Test Yet' For Ukraine Energy Grid

The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure.

The Guardian - AU

Is Andrew Forrest’s energy dream in peril? The future of green hydrogen in Australia explained

Fortescue announced 700 job cuts this week in a bid to remain ‘lean’. So what does it mean for green hydrogen?

International Business Times

Renewable Electricity To Outstrip Coal Next Year: IEA

The amount of electricity produced from renewable sources worldwide is set to surpass output from coal-fired plants for the first time in 2025, the International Energy Agency said Friday.

The Guardian - UK

‘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

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The Conversation

When it comes to power, solar is about to leave nuclear and everything else in the shade

Opposition leader Peter Dutton might have been hoping for an endorsement from economists for his plan to take Australian nuclear.

The Guardian - UK

How do the UK parties rate on their environmental manifesto pledges?

Four environmental experts analyse the election manifestos of Labour, the Tories, Lib Dems and Greens

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.

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

International Business Times

IEA Warns Of Key Energy Mineral Shortage Risk

The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.

Al Jazeera

Energy summit seeks to curb cooking habits that kill millions every year

Harmful cooking practices result in the deaths of 3.7 million people every year with children and women most at risk.

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