Latest news
.jpg)
IEA: Electricity demand growth will require more fossil fuel production
The demand for global electricity is growing faster than renewable energy capacity and therefore will require more power to be generated from fossil fuels.
read more... 19/07/2021
Clean energy investment growth too slow
The IEA said today that the $750bn of investments that it projects will roll into clean energy technologies and efficiency this year is "far below" what is needed.
read more... 02/06/2021
UK will not stop new oil exploration despite IEA climate report
The UK is due to host the U.N. Climate Change Conference (COP26) in Glasgow, Scotland, in November and commissioned the International Energy Agency to chart a path towards net-zero emissions by 2050.
read more... 26/05/2021
Daily (16.04.2021): Oil prices continued to climb, hovering at one-month highs amid signs of accelerating demand recovery
Oil prices continued their upward trajectory on Thursday, holding near one-month highs amid a brighter demand outlook due to bullish forecasts from the International Energy Agency (IEA) and OPEC. Positive U.S. economic data added further gains to oil prices. Hence, Brent crude rose by 0.5% to settle at $66.94 a barrel. U.S. WTI crude gained 0.5% to end at $63.46 a barrel.
read more... 16/04/2021
Daily (15.04.2021): Oil prices gained nearly 5% on Wednesday amid a sharp decline in US crude reserves and positive demand data
Crude oil prices surged on Wednesday, as the EIA weekly report showed a significant decline in US crude inventories. Moreover, encouraging demand data shared by the OPEC and IEA also lent support to prices. As such, Brent oil soared by 4.6% to $66.58 a barrel, while WTI crude jumped 4.9% to $63.15 a barrel.
read more... 15/04/2021