Tag Archives: International Energy Agency (IEA)

Oil prices are set to rise toward $90 per barrel by the end of this year, driven by Chinese demand and a tightening market following OPEC+’s latest production cuts, a Reuters survey of 40 analysts and economists showed on Friday. According to the experts, Brent Crude prices are expected to …

OPEC Secretary General Haitham Al Ghais said on Thursday that International Energy Agency (IEA) should be ‘very careful’ about discouraging oil investments, which is important for global economic growth. Al Ghais’s statements came in response to fresh criticism from IEA Executive Director Fatih Birol to OPEC+, indicating that finger-pointing and …

The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained while responding to the latest comments by the IEA again criticising OPEC and OPEC+. Al …

Global electric car sales are set to surge by 35 per cent this year, helped by government subsidies and the tightening of carbon dioxide emissions standards, the International Energy Agency has said. Electric car sales are projected to reach 14 million in 2023 from 10 million last year, the Paris-based …

The International Energy Agency (IEA) has said that the global oil market could see tightness in the second half of 2023, which would push oil prices higher. Executive Director of IEA, Fatih Birol, made the prediction as oil prices surged above $80 since the beginning of the month, after the …

The eyes of the world are on Sapporo, Japan this weekend as energy ministers of some of the world’s largest economies, the G7, meet to discuss global climate and energy policy. In early versions of the G7 draft publication, countries emphasized financing liquefied natural gas (LNG) exports as a supposed …

OPEC+’s recent announcement of new output cuts this year will deepen an expected supply deficit in the second half of the year and risks higher prices as China’s economic rebound continues to drive growth, the International Energy Agency said April 14. OPEC+ on April 2 announced a surprise “precautionary move” …

World oil demand will climb by 2 million b/d in 2023 to a record 101.9 million b/d, the International Energy Agency (IEA) said in its April issue Oil Market Report. Oil demand growth is characterized by widening regional disparities, with the non-OECD accounting for 87% of the growth and China …

Despite sanctions, Russian oil exports jumped to their highest level in almost three years in March, however, revenues were down sharply from last year, the International Energy Agency said Friday, reported The Moscow Times. The West imposed a slew of sanctions against Russia since Moscow invaded Ukraine in February 2022, …

2023 will mark the beginning of the decline in fossil fuels, following the peak of global electricity emissions in 2022, according to a new report released on Wednesday (12 April) by energy think-tank Ember. “In this decisive decade for the climate, it is the beginning of the end of the …