OPEC producers will need to pump crude at the fastest pace in five years in 2023 if they are to balance oil supply and demand. Capacity constraints suggest they may struggle.
International Energy Agency (IEA)
Green grids and international renewable energy are the only way to save Africa – and the world – with the alternative being a “climate abyss”.
The International Energy Agency cut its forecast for global oil demand this year after China reimposed lockdowns to contain the spread of a resurgent coronavirus.
Oil rebounded after a steep slump that was triggered by prospects for further crude releases from strategic reserves, the outlook for tighter U.S. monetary policy and weaker demand in virus-hit China.
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
The UK will join the US in releasing more oil from its reserves as part of a joint effort to lower prices and reduce reliance on Russian supplies, two people familiar with the matter said.
OPEC members have opted to drop their use of data from the International Energy Agency (IEA) in their monthly reporting.
Sky-high oil prices and extreme volatility have exposed the fragility of the world’s dependence on fossil fuels.
New analysis from the International Energy Agency (IEA) suggests adopting a suite of measures could enable the European Union to reduce its imports of Russian gas by more than one-third within a year.
Emissions of planet-warming methane from oil, gas and coal production are significantly higher than world governments claim, according to the International Energy Agency.
The tightness in global oil markets that propelled prices to a seven-year high is starting to ease as production recovers in the U.S. and elsewhere, the International Energy Agency said.
The UK won’t join an alliance of countries fixing a date to phase out fossil fuel production, which critics argue calls into question the host nation's climate leadership.
A first draft of the Glasgow final decision text at COP26 has been published ahead of the conference wrapping up this week.
Climate change is threatening increasing amounts of energy infrastructure, the International Energy Agency (IEA) has warned.
Progress towards a clean energy system is “still far too slow” to be compatible with net zero by 2050, a report has claimed.
Oil and gas majors are being warned they must plan for a “major production drop” in order to hit the 1.5°C Paris Agreement target.
The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.
Plans for ammonia exports are taking shape around the world, as companies compete to secure the most attractive opportunities to fuel future zero carbon aspirations.
The CEO of BP has described an IEA net zero scenario calling for the end of new oil and gas projects as “credible”, despite the firm planning major fossil fuel developments.
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Australia’s Santos plans to take a final investment decision (FID) on its proposed Moomba carbon capture and storage (CCS) project that it said would be among the largest in the world.
Oil slid after U.S. crude inventories surged for a fourth week, further fueling the downbeat sentiment generated by the International Energy Agency describing global stockpiles as plentiful.
Oil markets aren’t on the verge of a new price supercycle as plentiful supplies mean any concerns of a shortfall are misguided, the International Energy Agency said.
India is set for the largest increase in energy demand of any country over the next 20 years. This underscores the potential for policies and investment to accelerate the clean energy transition, the International Energy Agency (IEA) said in a new report.
The International Energy Agency (IEA) has announced plans to produce the “world’s first comprehensive roadmap” setting out how to reach net zero emissions by 2050.