Oil prices climb as revised IEA outlook signals tighter market By Reuters
[ad_1] © Reuters. A model of petrol pump and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/file photo...
COP28: Exxon Mobil CEO rebuffs IEA criticism of carbon capture strategy By Reuters
[ad_1] © Reuters. FILE PHOTO: Darren Woods, CEO of ExxonMobil, reacts at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November...
IEA Claims Global Oil Demand Will Peak Before 2030
Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times,...
OECD Oil Inventories Hit Lowest Level Since 2004
The lowest oil inventories in developed economies since 2004 are set to combine with the upcoming EU embargo on Russian oil imports to further tighten...
IEA Chief Warns The Energy Crisis Could Get Worse
By Irina Slav – Jul 12, 2022, 9:00 AM CDT The IEA’s Executive Director Fatih Birol is warning that the global energy crunch could worsen....
The World Is Failing In Both Energy Affordability And Climate Goals
Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy,...
IEA: Current Energy Crisis Is “Much Bigger” Than 1970s Oil Crunch
The world faces a “much bigger” energy crisis than the one of the 1970s, the Executive Director of the International Energy Agency (IEA), Fatih Birol,...
Oil Rebounds After Tumble on Back of IEA Reserve Release Plan By Bloomberg
[ad_1] © Reuters Oil Rebounds After Tumble on Back of IEA Reserve Release Plan (Bloomberg) — Oil rebounded after a steep slump that was triggered...
The World Could See A Record-Breaking Oil Supply Shock
The global oil market could lose 3 million barrels per day (bpd) of supply from Russia starting in April, as sanctions on banks and buyers’...
The Ukraine Crisis Could Trigger An Oil Supercycle
The world is short on spare oil production capacity. This became clear a while ago despite attempts to ignore it on the part of some...