Oil settles up on ME tensions NEW YORK: Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a... Published 13 Apr, 2024 03:49am
Markets OPEC, IEA at most divided on oil demand since at least 2008 LONDON: Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of... Published 28 Mar, 2024 06:30am
World Nuclear power absolutely needed to reach climate goals, IEA’s Birol says BRUSSELS: Nuclear power is absolutely needed to reach worldwide climate goals, the head of the International Energy... Published 21 Mar, 2024 01:35pm
Markets Oil prices climb as attacks on Russian energy facilities intensify LONDON: Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as... Updated 18 Mar, 2024 05:29pm
Business & Finance IEA raises oil demand outlook again but still lags OPEC LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time ... Published 15 Mar, 2024 04:14am
World Methane emissions from energy sector rose in 2023: IEA PARIS: Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite... Published 13 Mar, 2024 11:58am
Business & Finance OPEC sticks to oil demand view, nudges up economic growth LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, ... Published 13 Mar, 2024 06:32am
Markets Oil prices rise slightly as OPEC retains demand forecasts NEW YORK: Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC’s demand... Updated 12 Mar, 2024 09:56pm
Markets Energy-related CO2 emissions hit record levels in 2023: IEA PARIS: Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous... Published 01 Mar, 2024 11:48am
Markets IEA to expedite 2025 oil demand forecast, OPEC also moves early LONDON: The International Energy Agency is bringing forward publication of its first 2025 oil demand forecast to... Published 26 Jan, 2024 04:58am
Markets King coal set to lose crown for electricity production: IEA PARIS: Renewables are set to displace coal as the top source of energy for electricity production globally in 2025,... Published 24 Jan, 2024 12:53pm
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Markets World added 50% more renewable energy capacity last year over 2022: IEA PARIS: The world added 50 percent more renewable energy capacity in 2023 over the year before, the International... Published 11 Jan, 2024 12:08pm
Markets Oil prices on track for first weekly rise in two months LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a... Updated 15 Dec, 2023 03:36pm
Markets Oil rises more than 3pc on weaker dollar, IEA demand upgrade NEW YORK: Oil prices rose more than 3% on Thursday, extending the previous session’s gains, boosted by a weaker... Published 15 Dec, 2023 03:12am
Print OPEC+ cartel’s grip on oil market loosening: IEA PARIS: Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to... Updated 15 Dec, 2023 09:22am
World COP28 pledges so far not enough to limit warming to 1.5C: IEA DUBAI: A raft of new pledges announced at the COP28 climate summit - from tripling renewables to reining in methane... Updated 10 Dec, 2023 09:53pm
World Hundreds of new oil and gas projects approved despite climate crisis PARIS: More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all... Published 30 Nov, 2023 08:20pm
Markets OPEC head accuses IEA of vilifying fossil fuel industry DUBAI: OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying... Published 28 Nov, 2023 04:57am
World Three positive climate developments PARIS: While humanity’s efforts to curb planet-warming emissions are nowhere near enough to avoid heating the world... Published 24 Nov, 2023 05:15pm
Markets China oil demand growth likely to slow BEIJING: China’s oil demand growth is likely to ease in the first half of 2024 to around 4%, according to... Published 24 Nov, 2023 05:29am
Markets Oil firms face ‘moment of truth’ in climate crisis: IEA PARIS: Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the ... Published 24 Nov, 2023 05:29am
Markets Oil firms face ‘moment of truth’ in climate crisis: IEA PARIS: Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the... Published 23 Nov, 2023 05:20pm
Markets Saudi Arabia’s crude exports rise in September Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd),... Published 16 Nov, 2023 05:39pm
Opinion Power sector reforms Russia’s invasion of Ukraine in February 2022 has had a profound effect on global energy markets. Price ... Published 15 Nov, 2023 06:09am
Business & Finance China fuels increase in global oil demand: IEA PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ... Published 15 Nov, 2023 06:09am
Business & Finance IEA says China oil demand key factor in energy transition PARIS: The International Energy Agency executive director underlined Tuesday the importance of Chinese demand for... Published 25 Oct, 2023 06:19am
Markets World oil, gas, coal demand to peak by 2030, IEA says LONDON: World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows... Published 24 Oct, 2023 10:21am
Markets IEA says risk of oil supply disruptions is limited PARIS: The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict... Published 12 Oct, 2023 02:10pm
