You Searched For "iea" and got 19 results
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2 mins read
Global oil demand to return to pre-pandemic levels next year, although COVID hotspots will make the recovery uneven: IEA
The IEA said COVID will keep impacting demand due to continued outbreaks, unequal vaccination rates…
Sophie Kiderlin  Â
2 mins read
IEA members agree to a 60-million barrel release of oil on top of the US' 180 million barrels
Russia's invasion of Ukraine continues to put significant strains on global oil markets, resulting …
Hamza Fareed Malik  Â
2 mins read
Volatile energy markets are here to stay if investment in sustainable power fails to keep up with energy demand, IEA warns
"We are not investing enough to meet future energy needs, and the uncertainties are setting the sta…
Matthew Fox  Â
2 mins read
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA
"Severely restricted refining capacity is causing markets to price in long-term supply deficits in …
Phil Rosen  Â
2 mins read
The IEA warns global oil demand will drop by $324 million a day in 2020, the biggest decline in history, before a rapid rebound in 2021
The IEA's June estimates reckon that global demand for Brent oil will drop by 8.1 million barrels a…
Shalini Nagarajan  Â
3 mins read
The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector's history
Before the crisis, the IEA was expecting global energy investment to increase by 2% now it expects …
Saloni Sardana  Â
2 mins read
Renewable energy sources grew at their fastest rate since 1999 last year when COVID-19 struck, the IEA says
The International Energy Agency said that renewable energy sources increased by 45% during the COVI…
Sophie Kiderlin  Â
2 mins read
The IEA's 10-point plan to cut oil demand amid supply shock from Russia's war includes reducing speed limits and car-free Sundays
"Emergency measures can quickly cut global oil demand by 2.7 million barrels a day," the IEA said a…
Carla Mozée  Â
3 mins read
Global oil demand will take longer to recover next year, as jet fuel struggles after 'unprecedented and historic turbulence' in 2020 - IEA
Oil consumption will recover more slowly than expected next year, even with COVID-19 vaccination, m…
Amanda Cooper  Â
1 min read
The diesel-fuel crunch may be the next focal point of Europe's energy crisis as competition stiffens, IEA says
When the embargo hits in February, the EU will have to replace an additional 1 million bpd of diese…
Brian Evans  Â
1 min read
High fuel prices are dampening demand more than expected but the oil market is 'walking a tightrope,' IEA says
"As an EU embargo on Russian oil is set to come into full force at the end of the year, the oil mar…
Brian Evans  Â
3 mins read
The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel
The Paris-based agency said it expects global oil demand to fall by 8.1 million barrels a day year-…
Shalini Nagarajan  Â
2 mins read
Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says
Russia's oil output will likely take a hit by 1.4 million barrels per day and global crude prices w…
Zahra Tayeb  Â
2 mins read
Oil rises after IEA report says there are signs of a recovery even as demand falls further
"The picture is still very bleak for the industry," said IEA Executive Director Fatih Birol in a tw…
Carmen Reinicke  Â
2 mins read
Russia's oil production is far higher than expected this year as it reroutes supplies to Asia, IEA says
The IEA thought Russian oil production would plunge by millions of barrels, but it's hardly dropped…
Harry Robertson  Â
4 mins read
Global oil demand will not recover until well into 2021, even with a COVID-19 vaccine, the IEA says
Oil demand will not recover until at least the middle of 2021, even with an effective vaccine, the …
Amanda Cooper  Â
2 mins read
Russia's oil and gas revenue plunged 40% in January as western sanctions take a toll, IEA says
Russia's oil and gas exports pulled in $18.5 billion in January, a 38% drop from January of last ye…
Jennifer Sor  Â
2 mins read
The IEA expects global oil demand to recover more slowly in early 2021, before staging a stronger comeback in the second half this year
Global consumption is now expected to recover by 5.5 million barrels per day to 96.6 million barrel…
Shalini Nagarajan  Â
1 min read
Oil demand will hit a new record in 2023, driving up prices as supply declines, IEA says
Oil demand could jump to 101.9 million barrels a day in 2023, with more than half of that stemming …