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  • IEA invites India to become full-time member: Hardeep Singh Puri Oct 11, 2021 10:52 PM IST

    IEA invites India to become full-time member: Hardeep Singh Puri

    (Eds: Updates with Birol tweet in para 15) New Delhi, Oct 11 International Energy Agency (IEA) has invited India, the world's third-largest energy ..

  • Oil scales six-week high as Storm Nicholas hits US Gulf Sep 14, 2021 08:30 PM IST

    Oil scales six-week high as Storm Nicholas hits US Gulf

    Nicholas is the second major storm to threaten the US Gulf region in recent weeks.

  • Spread of COVID-19 Delta variant knocks oil demand outlook: IEA Aug 12, 2021 02:34 PM IST

    Spread of COVID-19 Delta variant knocks oil demand outlook: IEA

    The IEA put the demand slump last month at 120,000 barrels per day (bpd) and predicted growth would be half a million bpd lower in the second half of the year compared to its estimate last month, noting some changes were due to revisions in data.

  • IEA says refining throughput set to rise in July, August Jul 13, 2021 09:05 PM IST

    IEA says refining throughput set to rise in July, August

    Refiners around the world significantly reduced their operations in 2020 as they faced an unprecedented fall in fuel demand brought about by the coronavirus pandemic and mobility restrictions.

  • India’s largest battery recycling company eyes electric vehicle battery business Jun 28, 2021 12:12 PM IST

    India’s largest battery recycling company eyes electric vehicle battery business

    Gravita India is getting ready to recycle lithium-ion batteries used in electric vehicles, a market that’s expected to become viable in seven years

  • How to position your portfolio to benefit from IEA's climate change report May 20, 2021 12:30 PM IST

    How to position your portfolio to benefit from IEA's climate change report

    IEA report calls for a substantial reduction in fossil fuel use starting from the current decade.

  • Oil supercycle unlikely due to ample stocks and supply, IEA says Mar 17, 2021 03:30 PM IST

    Oil supercycle unlikely due to ample stocks and supply, IEA says

    "Oil’s sharp rally to near $70 a barrel has spurred talk of a new supercycle and a looming supply shortfall. Our data and analysis suggest otherwise," the IEA said in its monthly report.

  • CERA Week: India's energy investments to touch $150 billion per year in next ten years, says IEA Mar 04, 2021 08:31 PM IST

    CERA Week: India's energy investments to touch $150 billion per year in next ten years, says IEA

    India has lined up massive investment plants in renewables, creating a gas-based economy and also expanding its refinery sector to meet the growing demand.

  • IEA says global CO2 emissions rising again after nearly 6% fall last year Mar 02, 2021 12:10 PM IST

    IEA says global CO2 emissions rising again after nearly 6% fall last year

    Major economies led a rebound in December when emissions were 2 percent, or 60 million tonnes, higher than in December 2019, as a pick-up in economic activity increased energy demand.

  • India energy demand set to grow fastest in the world; to overtake EU Feb 09, 2021 07:23 PM IST

    India energy demand set to grow fastest in the world; to overtake EU

    India currently accounts for 16 percent of the global coal trade and many global coal suppliers were counting on growth in India to underpin planned export-oriented mining investments.

  • India to be largest source of energy demand growth to 2040, says International Energy Agency Feb 09, 2021 12:55 PM IST

    India to be largest source of energy demand growth to 2040, says International Energy Agency

    India's energy consumption is expected to nearly double as the nation's gross domestic product (GDP) expands to an estimated $8.6 trillion by 2040 under its current national policy scenario, the IEA said in its India Energy Outlook 2021 released on Tuesday.

  • India's electricity sector on cusp of solar-powered revolution, says International Energy Agency Feb 09, 2021 12:25 PM IST

    India's electricity sector on cusp of solar-powered revolution, says International Energy Agency

    Once the coal‐fired power plants currently under construction are completed over the next few years, there is unlikely to be a net growth in India’s coal fleet.

  • IEA sees oil market stuck between no major slowdown but stalled recovery Sep 07, 2020 11:43 AM IST

    IEA sees oil market stuck between no major slowdown but stalled recovery

    Keisuke Sadamori, IEA director for energy markets and security, told Reuters the outlook for oil was in the midst of either a second wave or a steady first wave of the coronavirus.

  • IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook Jul 10, 2020 05:00 PM IST

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

    The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a smaller-than-expected second-quarter decline.

  • Huge stockbuilds to keep oil product profit margins under pressure: IEA Jun 16, 2020 08:31 PM IST

    Huge stockbuilds to keep oil product profit margins under pressure: IEA

    As a result, refining margins in key hubs like northwest Europe and Asia Pacific turned negative, meaning that refiners were producing the product at a loss.

  • Urgently needed: A COVID-like response to fight climate change May 21, 2020 11:54 AM IST

    Urgently needed: A COVID-like response to fight climate change

    Improvements in greenhouse gas levels and air pollution may have a short lifespan unless governments walk the talk on sustainable development

  • Coronavirus will trigger biggest ever plunge in energy demand, emissions: International Energy Agency Apr 30, 2020 02:13 PM IST

    Coronavirus will trigger biggest ever plunge in energy demand, emissions: International Energy Agency

    Global energy demand could slump by 6% in 2020 due to the restrictions placed on homes and industry in what would be the largest contraction on record

  • OPEC says oil market undergoing 'historic shock' Apr 16, 2020 08:10 PM IST

    OPEC says oil market undergoing 'historic shock'

    The cartel now forecasts a "historical drop" of around 6.8 million barrels per day (mbd) in average daily demand for 2020.

  • IEA sees record 2020 oil demand fall due to coronavirus Apr 15, 2020 02:25 PM IST

    IEA sees record 2020 oil demand fall due to coronavirus

    The International Monetary Fund (IMF) warned on Tuesday that the coronavirus pandemic is pushing the world into its deepest recession in a century, with economic output expected to shrink 3 percent.

  • Coronavirus pandemic | Oil market shock to spill over into global supply chains: IEA Apr 02, 2020 10:55 AM IST

    Coronavirus pandemic | Oil market shock to spill over into global supply chains: IEA

    Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.

  • IEA warns oil producers against playing 'Russian roulette' Mar 09, 2020 05:20 PM IST

    IEA warns oil producers against playing 'Russian roulette'

    Birol's comments came as oil prices dropped by more than a quarter and were set for their biggest one-day fall in 29 years after Saudi Arabia ignited a crude price war in the market.

  • Global economic uncertainty threatens oil demand: IEA Aug 09, 2019 05:55 PM IST

    Global economic uncertainty threatens oil demand: IEA

    The IEA thus revised downwards its estimates for growth in global oil demand for this year by 0.1 million barrels per day to 1.1 mbd.

  • IEA rings alarm bell on phasing out nuclear energy May 28, 2019 06:47 PM IST

    IEA rings alarm bell on phasing out nuclear energy

    Nuclear is currently the world's second-largest source of low-carbon electricity, behind hydropower, and accounting for 10 percent of global electricity generation.

  • Here are top 5 factors behind rise in crude oil prices in 2018 Mar 31, 2018 07:58 AM IST

    Here are top 5 factors behind rise in crude oil prices in 2018

    "Rising geopolitical tensions put oil prices under check. Growing concerns over US relation with major oil producers like Iran and Venezuela threatens the market," said Haressh V, Research Head - Commodities at Geojit Financial Services

  • IEA lifts five-year renewables forecast after record 2016 Oct 04, 2017 12:45 PM IST

    IEA lifts five-year renewables forecast after record 2016

    In its medium-term renewables market report, the IEA expects global renewable electricity capacity to rise by more than 920 gigawatts, or 43 percent, by 2022, due to supportive policies for low-carbon energy and cost reductions for solar PV and wind.

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