US fossil fuel consumption reaches lowest share in a century
U.S. fossil fuel consumption last year reached the lowest share in more than a century as use of renewable energy continued to climb and petroleum use remained well below its 2005 peak.
International Energy Agency
Crude loses upward momentum amid U.S. output growth worries
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
IEA cuts UK oil production estimate due to Forties shutdown
The International Energy Agency (IEA) has announced that it will reduce its estimate for UK oil production by 300kb/d for December in reaction to the Forties pipeline closure.
African renewable demand set to soar in next five years
Growing demand for renewable energy in Sub-Saharan Africa should give continent a ‘huge boost’, said senior international energy official.
VIDEO: What will the renewable energy marketplace look like in five years’ time?
A new video by the International Energy Agency shows how the renewables market will develop and expand over the next several years.
As global gas demand rises, America is open for business
The US looks set to become a global gas giant as demand increases from developing countries and across industrial sectors over the next five years, according to a new report.
Excess oil inventories to persist well in to 2018, says IEA report
Global oil demand should outpace supply in the second half of this year – but excess inventories are expected to persist well in to 2018 according to the International Energy Agency.
Oil discoveries dropped to record low in 2016, IEA says
The amount of oil discovered globally dropped to a record low in 2016, according to the International Energy Agency (IEA).
Third weekly gain for oil as IEA says market close to balance
Oil capped its third weekly gain after the International Energy Agency said production cuts have brought world markets “very close to balance” and should soon deplete stockpiles that rose in the first quarter.
IEA sees major shifts in global gas trade over next five years
New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in a major reshaping of the global gas trade in the next five years.
Oil dips as recent gains seen as unsustainable
Oil declined for a fourth day on concern recent gains were unsustainable, while shuttered Canadian operations started to reopen.
Oil should rebound to $80 by 2020, according to International Energy Agency
Oil price should return to $80 a barrel by 2020, according to the International Energy Agency (IEA).
Even a slowing China is oil’s best defense against deeper slump
Even after China’s slowing economy dragged crude to a six-year low, oil’s second-biggest consumer remains the main safeguard against a further price meltdown.
Former Schlumberger executive joins IEA
A former Schlumberger executive with extensive experience in technology and clean energy joined the International Energy Agency (IEA) this month as Director for Sustainable Energy Policy and Technology.
New chief heralds new era at IEA
The new executive director of the International Energy Agency (IEA), ushering in a new era for the global energy authority.