IEA

Russia cashes in on reducing oil exports

Russia cashes in on reducing oil exports

Russian oil-export revenues rose to a 10-month high in August, according to the International Energy Agency. Russia received $17.1 billion last month from overseas supplies of crude oil and petroleum products, $1.8 bln more than in …

IEA: Asia set to use half of world's electricity by 2025

IEA: Asia set to use half of world's electricity by 2025

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International …

IEA chief: world witnessing biggest energy crisis in history

IEA chief: world witnessing biggest energy crisis in history

The world is witnessing the biggest energy crisis ever recorded in history, especially after Russia’s invasion of Ukraine, according to Fatih Birol, executive director of the International Energy Agency. Speaking at the World …

Europe’s warm winter may not be such good news for energy

Europe’s warm winter may not be such good news for energy

The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that …

Coal consumption set to reach record high in 2022

Coal consumption set to reach record high in 2022

The world is on track to consume a record amount of coal this year as countries grapple with a global energy crisis. Global coal use is set to increase by 1.2% in 2022, a marginal increase from last year but enough …

IEA: oil consumption to reach its peak after 2025

IEA: oil consumption to reach its peak after 2025

The global demand for oil will eventually start to decline in the long-term perspective under any scenario of de-carbonization of national economies, the International Energy Agency (IEA) said in its World Energy Outlook 2021, obtained by …

IEA revises oil demand forecast

IEA revises oil demand forecast

Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels …

IEA makes suggestions to balance oil market

IEA makes suggestions to balance oil market

Executive director of the International Energy Agency (IEA) Fatih Birol said the recent OPEC+ supply cut was a "solid start" and urged oil producer countries to consider even deeper cuts. "We continue to see …

IEA head assesses G20 role in boosting market stability

IEA head assesses G20 role in boosting market stability

G20 could play a leading role in boosting market stability, executive director of the International Energy Agency Fatih Birol said after the call with Canada's Minister of Natural Resources Seamus O'Regan. …

IEA predicts 7% growth in global oil demand y 2025

IEA predicts 7% growth in global oil demand y 2025

Global demand for oil will grow by 6.6 million barrels per day to 103.5 million barrels per day by 2025,  the International Energy Agency (IEA) said in an annual World Energy Outlook 2019. It will grow 9.8% to 106.4 …

IEA: oil demand growth at lowest since 2008

IEA: oil demand growth at lowest since 2008

Mounting signs of an economic slowdown and a ratcheting up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. “The …