International Energy Agency (iea)

The IEA’s latest World Energy Investment report highlights the shifting trend in energy transition and the need to focus on grid infrastructure and storage

Mines ministry, IEA sign pact for cooperation in critical mineral sector

This present association will give India access to reliable data, analysis, and policy recommendations in the critical mineral sector

India to lead world in fuel demand growth: IEA

In its Oil 2024 Report, the Paris-based energy watchdog said India's oil demand is forecast to grow more than any country's other than China between 2023 and 2030

India begins talks with International Energy Agency for full membership

In a statement issued after IEA's 2024 ministerial meeting in Paris, the agency said the talks with India are in recognition of the country's "strategic importance" in tackling global energy and climate challenges.

Global coal demand expected to decline in coming years: IEA

This is the first time that the report has predicted a drop in global coal consumption. Around 40 per cent of global carbon dioxide emissions stem from coal, while oil and gas contribute to the remaining percentage.

IEA road to net zero doesn't count all costs

The critical pathway to the transition will involve largescale combinations of blended finance, technology dispersion at low costs and globally dispersed production chains

World's coal use creeps to new high in 2022: Report

The Paris-based agency said in a new report that while coal use grew by only 1.2% in 2022, the increase pushed it to an all-time high of more than 8 billion metric tons, beating the previous record set in 2013.

Top energy forum echoes Hardeep Puri, sees oil at $100 if Russia chokes supplies

Oil and gas upstream investment needs to increase and be sustained at near pre-COVID levels of $525 billion through 2030 to ensure market balance, according to International Energy Forum

Will the world face the seventies oil shock once more?

While the IEA chief warns of a repeat, the IMF presents a different view saying oil prices will not throw the earth off its axis

Oil prices pose risk of global recession, producers need to act responsibly: IEA's Birol

“If we don’t make a positive contribution here we may see prices even going higher, being much more volatile and becoming a major risk for recession for the global economy,” IEA's executive director Fatih Birol told Bloomberg TV.

'Most dumb thing': Elon Musk on possible use of hydrogen for energy storage

"It’s important to understand that if you want a means of energy storage, hydrogen is a bad choice," Musk said at a summit on May 12.

Oil rises above $100 as supply concerns balance Ukraine talks

Three million barrels per day of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said

IEA urges OPEC to take 'necessary steps' to lower oil prices

The United States and a handful of other oil-consuming nations announced on November 23, a release of their strategic oil reserves in a bid to blunt soaring prices at the pump that are biting into consumers' pocketbooks and pushing up transportation costs.

IEA warns clean-energy spending must triple to curb climate change

Energy market volatility will continue to be a risk unless governments act, says energy agency chief

Pradhan visits LyondellBasel, Channelview petrochemical plant

During his visit yesterday, Pradhan was accompanied by Consulate General of India in Houston, Dr Anupam Ray, Senior Officials from Oil and Gas sector, Indo-American Chamber of Commerce of Greater Houston (IACCGH).

India's strategic oil reserves unlikely to stir market

While New Delhi has not shown its full hand in revealing its intentions, the first reports that SPRs might provide 90 days of net import coverage had stoked industry hopes of an important new pillar of oil demand.

Lower oil prices to help ease India's trade deficit: IEA

Fatih Birol, chief economist & director of global energy economics at International Energy Agency (IEA) says with lower oil prices India would now be saving around USD 65-70 billion on oil imports.

Oil drops 9% on week on stronger dollar, glut warning

Oil began the day lower after the IEA, which advises industrialized countries on energy, warned the global glut was building and the United States may soon run out of tanks to store crude.

Three key events in Asia this week

Several Asian economies will be on GDP-watch this week, including India, the Philippines, Taiwan and Singapore.

World oil demand to top 90 mn bpd this year: IEA

World oil demand growth will expand faster this year than previously expected, with total consumption topping 90 million barrels per day, the International Energy Agency (IEA) said on Thursday.