Post Tagged with: "IEA"

Source: Reuters

Oil hits fresh multi-year highs on demand recovery

Reuters


NEW YORK -Oil prices edged up to multi-year highs on Friday, heading for a third straight week of gains on the improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.

Brent crude

Source: Reuters

France’s Total to face climate plan pressure at investor meeting

Reuters


Several Total (TOTF.PA) shareholders plan to demonstrate their concern that the French firm is not doing enough to curb carbon emissions at its shareholder meeting on Friday, as global oil and gas companies come under growing environmental pressure.

The …

Source: Reuters

Factbox: IEA’s urgent fossil fuel warning earns mixed reception from producers

Reuters


A stark appeal by the world’s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world’s top producers – from guarded praise and pledges to cut back …

Source: Reuters

Ditch new fossil fuel spending to reach net zero emissions – IEA

Reuters


LONDON – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of …

Source: Reuters

IEA sees oil demand recovery outpacing growth in supply

Reuters


LONDON -Oil demand is already outstripping supply and the shortfall is expected to widen even if Iran boosts exports as vaccinations against COVID-19 bolster the global economy, the International Energy Agency (IEA) said on Wednesday.

“The anticipated supply growth …

Source: Reuters

Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns

CNBC


The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy …

Source: Reuters

Gasoline demand may never recover from pandemic, says IEA

Reuters


LONDON- Gasoline demand may never recover to pre-pandemic levels, the International Energy Agency (IEA) said on Wednesday, with increased use in developing countries offset by rising fuel efficiency and a switch to electric vehicles in wealthy nations.

In last …

Source: Reuters

Oil market rebalancing will soon set stage for more OPEC+ supply: IEA

Reuters


LONDON – Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said on Thursday, but vaccines should help demand recover and soon enable producers to pump more.…

Source: Reuters

India to be largest source of energy demand growth to 2040: IEA

Reuters


NEW DELHI – India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency …

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 …