Tag Archives: International Energy Agency (IEA)

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 …

The global oil market could see tightness in the second half of 2023, which would push oil prices higher, Fatih Birol, executive director of the International Energy Agency (IEA), said on Wednesday (April 12). Oil prices have surged above US$80 (RM353) since the beginning of the month, after the Organization …

Signs have emerged of a slight improvement in the global economy, thanks to falling energy and food prices in early 2023, the OECD said on Friday as it raised its global economic growth projections for this year and next. The OECD now expects global economic growth at 2.6% this year, …

According to a recent International Energy Agency (IEA) report, carbon emissions in 2022 rose by less than was feared, largely thanks to a multitude of new green energy projects worldwide. Carbon dioxide emissions worldwide increased by under 1 percent in 2022, or 321 million tonnes, lower than initially anticipated, according …

Global CO2 emissions from the energy sector inched up 0.9% in 2022 to reach a new record of 36.8bn metric tons, the International Energy Agency (IEA) reported on March 3, in part as a result of soaring gas prices that led more countries to burn more coal. Last year also …

European imports of liquefied natural gas soared last year as nations sought to cover for drops in Russian pipeline supplies, a report from the International Energy Agency said Tuesday. The jump in demand from European nations sent prices spiking higher, with global sales doubling in value to $450 billion even …