IEA sees oil surplus looming, reassures on Iran supply risk LONDON: The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency said... Updated 15 Oct, 2024 02:47pm
Markets Asia’s crude oil imports drop in July as China stays weak: Russell LAUNCESTON: Asia’s crude oil imports dropped to the lowest in two years in July as demand remained weak in top... Published 01 Aug, 2024 01:14pm
Markets Rising cooling demand to keep coal plants online this year, IEA says PARIS: Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by... Published 19 Jul, 2024 10:36am
Markets Oil demand growth slowing, China consumption dips: IEA PARIS: The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues ... Published 12 Jul, 2024 05:43am
Markets IEA sees oil demand growth slowing as China’s share ebbs LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the... Published 11 Jul, 2024 02:32pm
Markets Solar investment outstrips all other power forms: IEA PARIS: More money is pouring into solar power than all other electricity sources combined, with investments set to... Published 06 Jun, 2024 12:39pm
World IEA warns of key energy mineral shortage risk PARIS: The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage... Published 17 May, 2024 11:53am
Markets 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
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer