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IEA

BlackRock backs dissident's nominees in rebuke to Exxon
Business & Finance

BlackRock backs dissident's nominees in rebuke to Exxon

  • Exxon holds its annual shareholder meeting on Wednesday and investors have the option of changing their votes until then.
  • The International Energy Agency (IEA) has said investors should stop funding new fossil fuel projects if they want to cut greenhouse gas emissions by 2050.
Published 25 May, 2021 09:48pm
Global EV sales accelerating, but government help needed: IEA
Business & Finance

Global EV sales accelerating, but government help needed: IEA

  • "We still see no sign of a slowdown in global electric car markets," said Timur Gül, head of the IEA's energy technology policy division, in a presentation on the global outlook for EVs.
  • First quarter global EV sales soared 140% to 1.1 million vehicles, with strong growth in China, Europe and the United States, the IEA said.
Published 29 Apr, 2021 06:22pm
Gasoline demand may never recover from pandemic, says IEA
Markets

Gasoline demand may never recover from pandemic, says IEA

  • In last year's five-year outlook before the COVID-19 pandemic's full force was felt in Western countries, the IEA said that gasoline demand was approaching a plateau and kept its demand outlook figure steady from 2024 to 2025.
  • Global gasoline consumption is unlikely to ever return to its 2019 level.
Published 17 Mar, 2021 08:40pm
Oil demand to reach record by 2026: IEA
Markets

Oil demand to reach record by 2026: IEA

  • "By contrast, demand in many advanced economies, where vehicle ownership and oil use per capita are much higher, is not expected to return to pre-crisis levels," the IEA said.
Published 17 Mar, 2021 02:14pm
Oil edges higher but demand fears set in
Markets

Oil edges higher but demand fears set in

  • Brent crude was up 29 cents, or 0.5%, at $61.43 a barrel.
  • Prices have risen over recent weeks partly owing to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other producers in the group known as OPEC+.
Published 12 Feb, 2021 09:02pm
IEA launches global group to tackle fallout from energy transition
Markets

IEA launches global group to tackle fallout from energy transition

  • The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico and Oman.
  • We believe the real success of this transition is critically hinging on whether or not citizens will benefit from the opportunities and how we navigate the disruptions of clean energy transitions.
Published 26 Jan, 2021 08:59pm