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The Latest Breaking News from the International Energy Agency

Why Labour is right to stop future UK oil and gas development

The Labour Party has announced that it intends to stop the development of any new oil and gas fields in UK territory if it forms the next government.

The Conversation

Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Week

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Guardian - UK

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LPG is a fossil fuel. Experts explain why it's still Africa's best option for cleaner, greener cooking (for now)

Africa’s growing population desperately needs clean, modern energy in the home. Currently, more than 900 million people, 85% of the region’s population, still rely on solid biomass fuel (like wood and charcoal) and kerosene for cooking. These energy sources are highly polluting, inefficient and unsafe.

The Conversation

Power-thrift: World makes progress in energy efficiency

In the wake of an energy crisis triggered by Russia’s war in Ukraine, the world has become a lot more energy efficient, according to a new study. Are we seeing a permanent, global shift in energy transition? Yuka Royer speaks with Fatih Birol, the head of the International Energy Agency.

France 24

Leaders gather in Paris to accelerate wringing more out of every ounce of fuel

As 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock

The Independent UK

Data | Clean energy funds rise, but mostly in China, Europe, U.S.

The latest report by the International Energy Agency, ‘World Energy Investment 2023,’ shows that investment in clean energy has increased in recent years, with the transition mainly fuelled by Electric Vehicles (EVs) and renewable power.

The Hindu

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Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

Radio France Internationale

World investing more in solar than oil as investment in renewables soars

Global investment in solar power is expected to overtake investment in oil for the first time ever this year, as spending on renewables continues to increase more than spending on fossil fuels, according to the International Energy Agency. And yet, fossil fuel investment is still too high to reach any…

Radio France Internationale

IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times beyond what is needed for the world to meet targets for achieving “net zero” carbon emissions

The Independent UK

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

Crude Prices Underpinned by Tighter Global Oil Supplies

May WTI crude oil (CLK23 ) on Friday closed up +0.36 (+0.44%), and May RBOB gasoline (RBJ23 ) closed up +0.42 (+0.15%). Crude oil and gasoline prices Friday posted modest gains. Crude moved higher Friday on the projection from the International Energy Agency for the global oil market to fall...

Barchart

Crude Gains on the Outlook for Tighter Global Oil Supplies

May WTI crude oil (CLK23 ) this morning is up +0.66 (+0.80%), and May RBOB gasoline (RBJ23 ) is down -0.55 (-0.19%). May Nymex natural gas (NGK23 ) is up +0.052 (+2.59%). Crude oil and gasoline prices this morning are mixed. Crude has support on today's projection from the International...

Barchart

Russian oil exports hit near three-year high in March: IEA

Paris (AFP) - Russian oil exports jumped to their highest level in almost three years in March despite Western sanctions, but revenues were down sharply from last year, the International Energy Agency said Friday.

AFP

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Fortune

Russia’s invasion of Ukraine boosted clean energy to power more than 90% of new demand last year, report says

The Russian invasion of Ukraine could represent a 'turning point' in the world's transition to clean power.

The Conversation

Seven ways to recycle heat and reduce carbon emissions

Heating of space and water in buildings accounts for about 44% of all energy consumed globally according to the International Energy Agency. This heat is still overwhelmingly generated by burning fossil fuels, making it an enormous source of the carbon emissions driving climate change. But you might be surprised to…

The Guardian - UK

Eight things the world must do to avoid the worst of climate change

Latest IPCC report highlights key measures countries must take to avoid climate catastrophe

AFP

Russia's oil revenue sinks as price cap bites: IEA

Paris (AFP) - Russia's oil-export revenue sank by almost half in February compared to last year as Western powers tightened sanctions on the country, the International Energy Agency said on Wednesday.

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