IEA trims oil demand forecast on weakness in wealthier countries LONDON: The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing... Published 12 Apr, 2024 02:10pm
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
Markets Oil dips as questions remain around demand LONDON: Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures... Updated 20 Feb, 2024 06:21pm
Markets Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset... Updated 16 Feb, 2024 07:13pm
Markets IEA raises 2024 oil demand growth forecast again LONDON: The International Energy Agency (IEA) made a further upward revision to its 2024 oil demand growth forecast... Published 18 Jan, 2024 03:05pm
Markets Oil prices rise on strong IEA and OPEC demand estimates LONDON: Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in... Updated 18 Jan, 2024 04:55pm
Markets Oil rises as Middle East tensions offset economy concerns LONDON: Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the... Updated 10 Jan, 2024 09:23pm
Markets Global coal use at all-time high in 2023: IEA PARIS: Global coal use is expected to reach a record high in 2023 as demand in emerging and developing economies... Published 15 Dec, 2023 12:18pm
Markets Palm extends gains on output concerns, falling stocks MUMBAI: Malaysian palm oil futures extended gains on Friday, with market participants worried about a likely decline... Published 15 Dec, 2023 11:03am
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
World Fossil fuels in the crosshairs at pivotal COP28 talks PARIS: World leaders will face a reckoning over humanity’s failure to curb climate-heating emissions and polluting... Published 23 Nov, 2023 12:12pm
World Oil market on edge over Middle East crisis, IEA’s Birol says OSLO: The oil market is “on edge” over the latest crisis in the Middle East, the head of the International Energy... Published 21 Nov, 2023 03:01pm
Markets Bullish IEA, OPEC oil demand forecasts at odds with modest gains in Asia’s imports: Russell LAUNCESTON: The International Energy Agency (IEA) and producer group OPEC are sticking to bullish forecasts for... Published 16 Nov, 2023 10:36am
Markets Oil dips on prospect of peak US production, despite strong demand signals LONDON: Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak... Updated 15 Nov, 2023 03:56pm
Markets IEA raises oil demand growth forecasts, despite economic gloom ahead LONDON: The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and... Published 14 Nov, 2023 03:05pm
Markets Oil climbs as IEA lifts demand growth forecast, US inflation cools LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,... Updated 14 Nov, 2023 08:39pm
World India unlikely to join global cooling pledge at COP28 NEW DELHI/LONDON: India is unlikely to sign onto a global pledge to reduce cooling-related emissions at the COP 28... Published 27 Oct, 2023 11:11am
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 OPEC sees oil demand growth continuing until 2045 PARIS: Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude... Published 09 Oct, 2023 01:50pm
Markets Oil hits 2023 highs on tight supply outlook LONDON: Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as... Updated 14 Sep, 2023 05:24pm
Markets Fossil fuel demand to peak this decade: IEA chief tells FT PARIS: World demand for oil, gas and coal is forecast to peak this decade for the first time as the use of cleaner... Published 12 Sep, 2023 02:13pm
Markets Oil prices spike on tight supplies and upbeat OPEC LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the... Updated 12 Sep, 2023 08:22pm
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Markets Global coal demand to stay near record in 2023: IEA PARIS: Global coal consumption hit a record last year and is set to stay near those levels in 2023, the... Published 27 Jul, 2023 08:05pm
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Markets Oil steady as US default risk offsets demand outlook LONDON: Oil prices were steady on Monday as caution relating to US debt ceiling talks dragged on optimism over... Updated 22 May, 2023 02:57pm
Markets Oil supply won't be affected by stricter price cap enforcement: IEA HIROSHIMA: The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the... Published 21 May, 2023 11:01am
Markets Global gas markets rebalancing, to remain tight in 2023: IEA LONDON: Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian... Published 04 May, 2023 10:35am
Markets Demand for electric cars ‘booming’: IEA PARIS: Sales of electric vehicles are booming and are expected to account for nearly one in five cars sold this... Published 26 Apr, 2023 10:26am
