Tag Archives: International Energy Agency (IEA)

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year. This is resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report …

Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with oil-producing nations pumping less than needed prices are set to be volatile until it reaches a deal to raise output, the International Energy Agency (IEA) warned on Tuesday. A meeting of Organization of the …

The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation. In its latest monthly oil market report, the IEA said energy market participants were closely monitoring the prospect …

The International Energy Agency (IEA) has released a peer-reviewed report today, focussed on the efforts of oil and gas companies to reduce their environmental footprints, concluding that companies’ failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability. The International Energy Agency …

The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable energy supplies, said the International Energy Agency (IEA) in a new report. Global hydropower capacity is expected to increase by …

Oman’s Ministry of Energy and Minerals and the International Energy Agency (IEA) will organise a Ministerial Dialogue on September 9 to explore ways to leverage clean energy transitions to ensure broader economic resilience. The Ministerial Dialogue – which will be co-hosted by Oman’s Minister of Energy and Minerals Mohammed bin …

Strong government policies and financial support will see renewable energy account for nearly 40% of the world’s power mix by the end of this decade, according to research by GlobalData. In a new report, the data and analytics firm highlights how increasing investment in solar and wind plants, and new …

Crude oil prices increased on Wednesday after an anticipated fall in US crude inventories, coupled with euphoria over rising oil demand and recovery signs of the world’s largest economies. International benchmark Brent crude was trading at $74.55 per barrel at 06.57 GMT for a 0.75% increase after closing Tuesday at …

Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate pledges. They issued a communiqué in which they set out their net zero commitments and called on all …

Oil posted its third straight weekly rise on improving demand, with the International Energy Agency (IEA) saying that the market would need extra supply next year. Futures in New York rose this week, extending their rally to the highest settle since October 2018. The IEA said that OPEC and its …