‘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
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.
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.