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.
IEA
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.
Crude dips as `Explosive’ shale growth threatens supply cuts
Crude lost steam as the International Energy Agency warned about seemingly unstoppable U.S. shale production against the backdrop of swelling American oil stockpiles.
Largest ever response to exercise simulating global oil supply disruption
The International Energy Agency (IEA) says it has had the widest ever response to an exercise to simulate a global oil supply disruption.
IEA sees ‘explosive’ growth in US oil output as prices rally
U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
Old coal is still king even with new renewables record in Germany
For all the new wind parks, solar farms and hydro plants that will help Europe’s biggest economy generate yet another renewable energy record this year, the world’s dirtiest power fuel still rules in Germany and sets the price for how much factories are paying for electricity.
Planet’s biggest oil organisations at odds about 2018
The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which OPEC finally succeeds in clearing a supply glut, and another where that goal remains elusive.
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.
Witnessing a ‘new era in solar’ as it becomes fastest growing fuel of 2016, say IEA
The world is witnessing “the birth of a new era” in solar power, with the technology growing faster than any other fuel in 2016, the International Energy Agency said.
Weak upstream investment risks increased oil price volatility, IEA chief warns
A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, according to a senior International Energy Agency official.
Update: Oil climbs as IEA predicts fastest demand growth in two years
Oil rose as the International Energy Agency forecast the strongest demand growth in two years, while OPEC was said to discuss prolonging output cuts further into 2018.
IEA sees no requirement for release of oil stocks post-Harvey
The International Energy Agency (IEA) has said that it believes there is no need for a coordinated international oil stock release after the market disruption by Hurricane Harvey.
‘We will act’ states IEA as they make record US fuel stockpiles ready for release
As Hurricane Harvey shutters Texas oil extraction, the International Energy Agency (IEA) makes clear that record US oil stocks will be made available in the event of extended power outages.
Compliance with output cuts ‘falls to new low’, IEA says
Compliance with output quotas agreed between oil producing states has hit its lowest level, the International Energy Agency said today.
Worldwide energy investment falls in 2016
Total worldwide energy investment was about $1.7 trillion in 2016 – a fall of 12% in real terms from 2015, according to the IEA’s annual World Energy Investment report.
Oil bulls on top as cuts start to drain stockpiles
Oil is trading near $50 again, OPEC seems to be losing its ability to influence prices and a wave of new supply is hitting the market from Texas to Libya. For some, there’s never been a better time to buy.