Fatih Birol, executive director of the International Energy Agency (IEA) at the World Economic Forum (WEF) in Davos, Switzerland. Bloomberg | Getty Images The International Energy Agency’s execu...
Tag: IEA
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Ima...
Are Triple Digit Oil Prices In Your Future?
Jeff Currie at Goldman Sachs made headlines recently predicting higher commodity prices for 2023, including “’Does anyone remember what happened to oil prices from January of ‘07 to July of ‘08?’ Curr...
The world ‘is at the dawn of a new industrial age,’ IEA says
Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economy is a major force in technologies crucial to the planned energy...
The Year The Energy Transition Went Off The Rails
A coal miner covered in coal dust with a large hammer drill on his shoulder looking off into the … [+] distance, wearing a aluminum hardhat with a LED light attached looking at the camera while ...
The IEA Hawking Its Wares Again
Montmartre, under snow, 1903. Artist Georges Chenard Huche. (Photo by Heritage Art/Heritage Images … [+] via Getty Images) Heritage Images via Getty Images The International Energy Agency is at ...
Renewables to be main source of electricity generation by 2025: IEA
Wind turbines in the Netherlands. A report from the International Energy Agency “expects renewables to become the primary energy source for electricity generation globally in the next three year...
What Next For The Strategic Petroleum Reserve?
In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on … [+] October 19, 2022 in Freeport, Texas. (Photo by Brandon Bell/Getty Images) Getty Images The Adm...
Clean energy investment may hit $2 trillion a year by 2030: IEA
Wind turbines photographed off the coast of Wales. Clean energy investment could be on course to exceed $2 trillion per year by 2030, according to the International Energy Agency. Ben Birchall | PA Im...
Electric vehicle (EV) sales set to hit an all-time high in 2022, IEA says
Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean ...
Japan is pivoting to more nuclear power — the IEA says it’s good news
This image, from March 2022, shows wind turbines in front of the Hamaoka Nuclear Power Station in Japan. The country is now planning to use more nuclear power in the years ahead. Korekore | Istock | G...
IEA Raises Oil Demand Estimate for 2022; Here Are 2 Energy Stocks That Stand to Benefit
We’ve all seen the headlines lately, about Russia cutting back its natural gas exports to Germany – and to Western Europe generally. The cuts come in response to Western sanctions over the Ukraine war...
Mastech to acquire IEA in cash-and-stock deal valued at about $1.1 billion
Infrastructure construction company MasTec Inc. MTZ, -12.08% said Monday it has agreed to acquire IEA in a cash-and-stock deal valued at about $1.1 billion. IEA is a services provider in renewable ene...
The Oil Crisis Isn’t Over, IEA Says. Why Prices Are Falling.
Text size Oil prices have remained high since Russia invaded Ukraine in March. Mario Tama/Getty Images Oil prices were slipping on Tuesday, even as the head of the International Energy Agency warned t...
Clean energy set for $1.4 trillion boost in 2022, IEA says
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Pi...
China oil demand must remain weak or we will have tough summer: IEA
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in...
IEA Plan Won’t Snip Europe’s Energy Ties To Russia
LIVERPOOL, ENGLAND – MARCH 17: A protestor ties his head to the goal post which interrupted play … [+] wearing a t-shirt saying Just Stop Oil during the Premier League match between Everto...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Ambitious Electric Car Sales Targets May Fall Short And Reprieve ICE Power; Report
Portrait of impatient young woman charging her electric car getty Automakers have over-estimated the market for electric vehicles and will waste millions as they are eventually forced to reinstate pla...
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “Th...
IEA, OPEC Likely to Lower Crude Supply Forecasts
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures went on a volatile, two-sided trade last week before posting a potentially bearish closing price reversal top. The char...
There should be no new gas supply contracts with Russia: IEA
A Gazprom logo photographed in Russia on Jan. 28, 2021. Andrey Rudakov | Bloomberg | Getty Images The European Union should not enter into any new gas supply contracts with Russia, in order to lower i...
Soaring Gas Prices Could Have Been Mitigated If Energy Sector Plugged Huge Methane Leaks, IEA Says
Topline Methane leaks from the energy sector are much higher than what national governments claim, the International Energy Agency said Wednesday, adding the industry could slash emissions of the high...
Oil Is Fashionable Again In The Banking World
FILE – Executive Director of the International Energy Agency Fatih Birol speaks Wednesday, Nov. 13, … [+] 2019 in Paris. The head of the International Energy Agency has blamed Russia for m...
NIMBYism Is Global, And That’s A Problem For The Energy Transition
TOPSHOT – Demonstrators block a highway to protest against Anglo-Australian company Rio Tinto’s … [+] plan to mine lithium in the country, in Belgrade on December 4, 2021. – Th...