Post Tagged with: "IEA"

Source: Reuters

IEA says oil, gas methane emissions down 10% in 2020 as output fell

Reuters


LONDON – Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found.…

Source: Reuters

Vaccine impact on moribund oil demand is several months away – IEA

Reuters


LONDON – The roll-out of vaccines this month to combat the coronavirus pandemic will not quickly reverse the destruction wrought on global oil demand, International Energy Agency (IEA) warned on Tuesday.

“The understandable euphoria around the start of vaccination …

Source: Reuters

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters


OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday.

“As of today, Chinese emissions this year, 2020, …

Source: Reuters

Oil rises but IEA casts doubt on speedy demand recovery

Reuters


LONDON  – Oil prices rose on Thursday, taking this week’s gains to more than 12% on growing hopes that the world’s major producers will hold off from a planned supply increase, though the advance was kept in check by …

Source: Reuters

Record new renewable energy capacity this year and next: IEA

Reuters


LONDON, Nov 10 – Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to an economic slump and the COVID-19 crisis, the International Energy …

Source: Reuters

IEA says refining throughput set for quarterly rise

Reuters


LONDON- Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day (bpd), the International Energy Agency (IEA) said on Wednesday, though the rise will not be sufficient to balance …

October 14, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

IEA nudges up 2020 gas demand forecast, but still sees record fall

Reuters


OSLO – The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the impact of the COVID-19 pandemic.

The Paris-based agency said on …

Source: Reuters

As OPEC+ meets this week, UAE emerges as main laggard

Reuters


LONDON/DUBAI – The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Wednesday, as the group meets this week amid signs of a faltering demand recovery.…

Source: Reuters

Oil prices inch lower as demand forecasts reduced, supply rises

Reuters


NEW YORK  – Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories.

This week, two prominent …

Source: Fox Business

Stocks battle higher as coronavirus treatment shows promise

FOX Business


U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.

 

The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …

July 10, 2020 - 1:00 pm Capital Markets, Commodity Pricing, Finance
Source: Reuters

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

Reuters


LONDON – The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels …

Source: Reuters

U.N. chief urges end to coal financing to spur clean energy shift

Reuters


LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy.

He spoke at a virtual clean energy transition …

July 9, 2020 - 11:00 am China, Climate Change, Coal News, Energy News
Source: CNBC

Oil prices just had their best quarter in 30 years — what’s next?

CNBC


Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

Brent crude futures skyrocketed more than 80% in …

Source: CNBC

IEA outlines $3 trillion green recovery plan for world leaders to help fix the global economy

CNBC


The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic.

The Sustainable Recovery report, published Thursday,

Source: Reuters

Iraq lowers oil exports, gets closer to OPEC+ target: sources

Reuters


LONDON – Iraq’s oil exports have fallen by 8% or 300,000 barrels per day (bpd) so far in June, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is getting closer to meeting its pledge in an …

Source: CNBC

Oil falls below $40 on doubts early OPEC+ meeting will go ahead this week

CNBC


Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned.

OPEC and non-OPEC allies,

Source: CNBC

IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

CNBC


The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this year.

In the group’s annual World Energy

Source: CNBC

A resurgence of coronavirus cases will have ‘major consequences’ for the oil market, IEA warns

CNBC


The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over the potential for a second wave of Covid-19 infections.

Source: CNBC

Oil jumps 18% in fifth day of gains on demand recovery and production cuts

CNBC


Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher.

West Texas Intermediate, the U.S. benchmark, jumped 18.2%, or $3.72, to …

Source: CNBC

A massive renewable energy scheme in Australia has been recommended for environmental approval

CNBC


A vast renewable energy scheme has been recommended for environmental approval by Western Australia’s Environmental Protection Authority (EPA).

The Asian Renewable Energy Hub is a planned development in the East Pilbara area of Western Australia. Set to cover 6,500 …

Source: CNBC

Energy demand, hit by coronavirus crisis, is set to see record drop this year, IEA says

CNBC


The International Energy Agency said Thursday it expects global energy demand to plunge this year in what the Paris-based agency called the biggest drop since World War II.

With roughly 4.2 billion people around the world subject to some …

Source: Reuters

OPEC cuts oil demand view again as market faces ‘historic shock’

Reuters


LONDON – OPEC on Thursday again cut its forecast for 2020 global oil demand due to the “historic shock” delivered by the coronavirus outbreak, and said the reduction may not be the last.

The Organization of the Petroleum Exporting …

Source: CNBC

Coronavirus crisis will erase nearly a decade of oil demand growth this year, IEA says

CNBC


The International Energy Agency (IEA) said Wednesday that it expects the coronavirus crisis to erase almost a decade of oil demand growth in 2020, with countries around the world effectively having to shut down in response to the pandemic.

Source: Reuters

Oil falls 4% towards $28 on oversupply concerns

Reuters


LONDON – Oil fell by more than 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack of coordinated oil purchases for strategic storage.

The …

Source: Reuters

Deep oil output cuts won’t offset unprecedented demand loss: IEA

Reuters


LONDON  – Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on Friday, urging the world’s richest economies to discuss broader ways to …

Source: Reuters

Oil demand set for first contraction since 2009 due to coronavirus: IEA

Reuters


LONDON – Global oil demand is set to contract in 2020 for the first time in more than a decade as global economic activity stalls due to the coronavirus, the International Energy Agency said on Monday.

The downward revision …

Source: Houston Chronicle

IEA plans to revise down oil demand forecasts due to virus

Houston Chronicle


The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus.

“I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington …

Source: Houston Chronicle

Oil rally continues as virus fears show signs of easing

Houston Chronicle


Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.

Chinese refiners have used oil’s earlier drop to snap up cheap cargoes, taking …

Source: CNBC

Global oil demand set to see first quarterly decline in over 10 years, IEA says

CNBC


Global oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the new coronavirus and widespread shutdown of China’s economy hits demand for crude.

Demand is …

Source: CNBC

Global oil demand to peak around 2040 or ‘much sooner,’ IMF says

CNBC


Global oil demand will peak around 2040 – or “much sooner” – the International Monetary Fund (IMF) said in a new report on the future of oil.

The IMF said that this could have a “significant” impact on oil-exporting