Tag Archives: International Energy Agency (IEA)

International Energy Agency (IEA) chief Fatih Birol has warned Europe to be prepared for the possibility of a complete shutdown of Russian gas exports this winter, calling on EU governments to widen the span of measures aimed at preparing for this scenario, the Financial Times reported on Wednesday. “Europe should …

Oil demand growth is set to slow in the coming months, with consumers likely to endure high prices until consumption is brought back into line with supply that’s struggling to keep pace with the world’s thirst for fuels. The International Energy Agency, the US Energy Information Administration and the Organization …

As countries around the globe are setting ambitious targets to reduce their dependency on fossil fuels, many will remain reliant on oil and gas for petrochemical production for decades to come. However, the decarbonization of oil and gas operations may well become key to the success of the industry, as …

Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …

Renewable power capacity additions are set to remain stable next year compared to 2022 unless new and stronger policies are adopted soon, the International Energy Agency (IEA) said in a new report on Wednesday. After a record year for renewable power installations in 2021, renewable capacity is expected to further …

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain …

The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s l(IEA) latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s …

Japan announced on Friday that it would release 6 million barrels of crude oil from its private reserves as part of the International Energy Agency’s plan to release 120 million barrels of crude oil to ease the price of crude. Japan is set to release a total of 15 million …

Clean energy spending earmarked by governments in response to the coronavirus crisis has surged 50 per cent over the past five months to reach $710 billion globally, the International Energy Agency said. The total spend is 40 per cent higher than the global green spend contained in the stimulus packages …

The International Energy Agency has said that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine. The Paris-based organization said on April 7 that the new …