International Energy Agency - updates

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IEA says world needs 'laser-like focus' to bring down emissions

Nov 13, 2019 - 10:02 PM

If the aim is to meet the Paris Agreement targets of limiting global warming, then governments will have to adopt 'rapid and widespread changes across all parts of the energy system,' says the IEA

2018 spike in energy demand spells climate trouble – IEA

Mar 26, 2019 - 10:11 AM

Double-digit growth in solar and wind power generation is still not fast enough to meet soaring electricity demand which also pushed up the use of coal

Surge in electricity needs to require flexible power systems – IEA

Nov 13, 2018 - 11:18 AM

'The electricity sector is experiencing its most dramatic transformation since its creation more than a century ago,' says the International Energy Agency

CO2 emissions to rise in 2018 – IEA chief

Oct 18, 2018 - 3:54 PM

The energy sector accounts for 80% of global CO2 emissions, with most of the rest caused by deforestation and agriculture

OPEC pumping oil at record levels ahead of crunch meeting – IEA

Nov 11, 2016 - 1:15 AM

Production rises to a record 33 83 million barrels a day in October according to the International Energy Agency

A man fills his car with gas at a Wawa gas station in Woodbridge, Virginia, January 5, 2016. Oil prices fell further January 5 as the crude supply glut overshadowed a diplomatic row between key producers Saudi Arabia and Iran as fuel prices in the US have fallen below $2 per gallon. AFP PHOTO / SAUL LOEB / AFP PHOTO / SAUL LOEB

Global oil glut set to last at least until mid-2017 – IEA

Sep 13, 2016 - 9:15 PM

Demand growth is slowing and supply is rising explains the International Energy Agency in its monthly report

BIG SPRING, TX - JANUARY 19: An oil refinery is lit up in the night on January 19, 2016 in Big Spring, Texas. Global oil prices continue their downward fall with U.S. oil dropping towards $27 a barrel, its lowest since 2003, on worries about global oversupply. Following a diplomatic agreement on nuclear fuel with America, Iran has forecast it will add 500,000 barrels per day to global production, following the lifting of sanctions. Spencer Platt/Getty Images/AFP

OPEC: Oil glut 'may ease' by 2017 as non-cartel supply drops

May 14, 2016 - 1:15 PM

Oil producers warn however that global oil inventories currently remain at record highs

epa05244380 (FILE) A file picture dated 08 December 2012 fuel dripping from a fuel nozzle at a gasoline station in Sana'a, Yemen. The basket of crude oil used as a benchmark indicator by OPEC has dropped to 33.33 US dollars, the OPEC said on 05 April 2016. The basket includes 13 varieties of crude oil. EPA/YAHYA ARHAB

Global oil supply glut to 'shrink dramatically' this year – IEA

May 13, 2016 - 9:00 AM

This forecast is partly due to rising demand for oil in India

epa03005463 An Indian petrol pump attendant fills cars with petrol at local petrol filling station in the eastern Indian city of Kolkata on 16 November 2011. Reports state that the Government of India, for the first time in 3 years has decreased the price of petrol in the country, with effect from 16 November 2011. An Indian government official said, 'The new decline in global crude oil prices have resulted in an decline of petrol prices in India. EPA/PIYAL ADHIKARY

How falling oil prices could be good for PH

Jan 25, 2016 - 10:00 AM

Filipinos stand to benefit from cheaper gas and less inflation but global markets are expected to stay volatile

OIL BOOST. While oil-producing nations and global markets are suffering, economists think that the Philippines' consumption-led economy will get a boost from low oil prices this year as consumers benefit from cheaper utilities and lower inflation.

US crude hits new 12-year low below $28

Jan 20, 2016 - 2:04 PM

This comes after the International Energy Agency IEA warned that the oil market could drown in oversupply

In this file photo, an Indonesian station attendant fills gasoline into a car at a gas station in Jakarta, Indonesia, March 6, 2012. Mast Irham/EPA

Oil market could drown in over-supply – IEA

Jan 19, 2016 - 8:33 PM

The International Energy Agency expects the price of oil to drop even more in 2016

$48T needed by 2035 to meet global energy needs

Jun 03, 2014 - 10:03 AM

The IEA predicts 2 trillion per year needs to be invested by 2035 rising from 400 billion from 2013

POWER. View of a gas turbine power plant of RheinEnergie in Cologne, Germany, 19 May 2014. Oliver Berg/EPA

US$44-T needed for clean energy future –IEA

May 12, 2014 - 7:01 PM

The longer we wait the more expensive it becomes to transform our energy system says IEA executive director Maria van der Hoeven

Oil markets tight, IEA warns

Feb 13, 2014 - 6:10 PM

Demand in advanced economies is picking up compensating for the slowdown in emerging markets

Motor oil image Shutterstock

Global oil demand outlook raised on European, US growth

Dec 11, 2013 - 6:54 PM

Economic recovery in advanced economies will lift global demand for oil says IEA

Saudi Oil Minister hints that OPEC will freeze its output ceiling ahead of its meeting. AFP PHOTO / ALEXANDER KLEIN

Southeast Asia oil bill to reach $240B by 2035, says IEA

Oct 02, 2013 - 5:04 PM

As it goes through growth in breakneck pace the region will increase oil consumption with over 5 million barrels a day in 2035

Nigeria 'loses $1.2-B to oil thieves in a month'

Aug 14, 2013 - 10:26 AM

Nigeria: Trade in stolen oil led to a 17 fall in official oil sales in the first quarter of 2013 estimated at 400 000 barrels per day

Global oil demand outlook trimmed

Aug 09, 2013 - 7:58 PM

The IEA says that new data on the difficulty the global economy is having in picking up speed meant that demand for oil will grow by slightly less than it had foreseen in July

SLOW GLOBAL DEMAND. The International Energy Agency trims its outlook for oil demand over the next 18 months and highlighted threats to the dominance of OPEC. AFP PHOTO / ALEXANDER KLEIN

Global recovery, China to pull oil demand in 2014

Jul 11, 2013 - 9:30 PM

Global economic recovery and emerging markets led by China will boost growth of oil demand to a record high total next year the International Energy Agency said

Renewable energy use gaining worldwide - IEA

Jun 27, 2013 - 11:19 AM

IEA: In 2016 renewable energy will overtake natural gas as a power source and will be twice that of nuclear and second only to coal as a source of power

SOLAR POWER. Two men stand in the new solar power plant of operating company Norddeutsche Energiegemeinschaft in Buetzow, Germany, 15 March 2013. Photo by EPA/Jens Buettner

Global oil demand forecasts cut on economic slowdown

Aug 10, 2012 - 5:03 PM

The International Energy Agency cites slowing economic growths in China and the US