International Energy Agency

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 drag takes toll on tankers, US refiners
Markets

Oil demand drag takes toll on tankers, US refiners

  • The International Energy Agency, for example, does not expect oil demand to catch up with supply until about the third quarter.
  • US bookings for tankers hired on longer-term contracts, known as time charters, have dropped in recent weeks, as this usually means paying for longer hire costs, the sources said.
Published 16 Mar, 2021 07:52pm
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