Record spending cuts this year, IEA warns
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.
IEA
IEA calls for deeper cuts
The International Energy Agency (IEA) has called for the OPEC-led group to take more production offline and faster than previously agreed.
IEA: short-term pain to balance out in second half
Actions taken by producer states under the OPEC+ banner, coupled with moving oil into storage, should see a stock draw of 4.7 million barrels per day in the second half of 2020, the International Energy Agency (IEA) has said in its recent Oil Market Report (OMR).
Oil set for weekly gain after finding floor amid virus confusion
Oil headed for its first weekly gain since early January after prices found a floor amid uncertainty over how the coronavirus will play out and whether OPEC+ will respond with additional production cuts.
Energy emissions stay flat as rich nations kick coal habit
Global emissions from energy held steady in 2019 for the first time in three years. But the restraint all came from the U.S. and Europe as developing countries boosted use of the most polluting fossil fuels.
‘Rapid and widespread’ change to energy systems needed to combat global warming – IEA report
Rapid and widespread changes are needed across the world's energy systems to tackle climate change and ensure sustainable development, experts have said.
IEA: Gas and renewables to power Africa
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.
Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
The place for gas in South Africa’s energy plans
The South African government has published its Integrated Resource Plan (IRP) with the aim of setting out the country’s future energy mix.
Offshore wind needs $1.2 trillion to hit climate goals, IEA says
An influx of new offshore wind farms around the world is set to draw $840 billion of investments over the next two decades, the International Energy Agency said.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
Oil steadies as Saudis pledge swift return of lost production
Oil held its decline from the dramatic spike earlier in the week as supply assurances from Saudi Arabia and the International Energy Agency calmed the market after the devastating weekend attacks.
Oil set to drop as IEA warns OPEC faces looming surplus
Oil is set for its biggest weekly loss in nearly two months as the International Energy Agency warned of a looming supply glut, while OPEC and its allies urged members to maintain, rather than deepen, output cuts.
US exports more oil than Saudi Arabia thanks to shale production
The US briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.
Hydrogen economy could insulate Scotland from volatile oil price
In the week or so before I sat down at my desk to write this column, four important and potentially linked events took place.
Carbon emissions leap as global growth strengthens fossil fuel demand
Carbon emissions from fossil fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.
Oil demand to strengthen despite economic slowdown, IEA says
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
IEA: Governments must decide ‘today’ on drive towards clean energy
Governments must make decisions "as of today" to drive the world towards clean energy in a bid to cut carbon emissions and improve air quality, the International Energy Agency has said.
Electrifying the world no panacea for global warming, IEA says
Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels.
Renewables to provide 30% of world energy by 2023, IEA report claims
Renewables will provide almost a third (30%) of the world's electricity in five years' time, a report from the International Energy Agency (IEA) said.
Energy investment falls raising concern over supply and security
Global investment in energy is failing to keep up with security and sustainability goals, according to the International Energy Agency (IEA).
OPEC output may be stretched to limit by supply crises, IEA says
OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said.
IEA cuts 2018 oil demand forecast as $70 crude takes its toll
The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption.
Global oil demand still behind supply in latest IEA report
Global oil demand is expected to increase by 1.5million barrels per day (b/d) to 99.3million, according to the latest forecast from the International Energy Agency (IEA).
US energy dominance will squeeze Opec into 2020s
The U.S. will dominate global oil markets for years to come, satisfying 80 percent of global demand growth to 2020 as the shale boom keeps OPEC under pressure, the International Energy Agency said.