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    • World must spend $540 billion a year looking for oil and gas, IEA says

      The outlook means that companies will need to tap reserves that haven’t yet been discovered, unless demand shifts away from fossil fuels

    • India spent $100 billion on clean energy in 2024, China $627 billion, say IEA

      India looks set to reach its 2030 target of 50% non-fossil generation capacity ahead of schedule. There has been a surge in investment in renewables, led by solar PV, IEA has said in a report

    • Global energy investment set to hit record $3.3 trillion in 2025, IEA says

      Clean energy technologies, including renewables, nuclear, and energy storage, are set to attract $2.2 trillion in investment, twice the amount expected for fossil fuels, the IEA

    • India's natural gas demand to surge by 2030, doubling LNG imports, says IEA

      Rapid urbanisation and industrialisation is set to transform the energy market in the world's fifth-largest economy and drive gas demand growth through the end of the decade and possibly beyond that, the IEA said in a report.

    • IEA trims oil demand forecast on weakness in wealthier countries

      The IEA noted that China's contribution to the global increase in oil demand is set to weaken from 79% in 2023 to 45% in 2024 and 27% next year

    • MC Interview | Crude prices will remain at current levels, India’s imports will rise: IEA oil markets head

      From now till 2030, India will be the largest source of oil demand growth globally, says Toril Bosoni. As a big crude oil buyer, India can certainly do term deals at better terms and better prices, she said.

    • Green energy contributes over 50% power generation in around 30% countries: IEA

      This was largely driven by greater awareness about climate change and the need to address it, as well as falling cost of generating renewable energy.

    • Global tensions risk clean energy progress: IEA chief

      IEA Chief Fatih Birol singled out the US and China, the world's two biggest emitters, urging them to come together at the crunch COP28 climate talks in Dubai in November-December and "leave aside their tensions" -- both geopolitical and economic -- to seek joint or at least common positions on key issues.

    • IEA predicts ethanol demand growth in India on 20% blending target

      Biofuels replaced 2 million barrels of global oil demand a day in 2022

    • Europe's Gas outlook looks much rosier this year due to winter luck

      Mild temperatures, which significantly curbed consumption, and China’s zero-Covid policy, helped Europe stock up on LNG last year. There's enough time to replenish gas storage and avert a crisis in the coming winter but no room for complacency

    • OPEC+ output cut may lead to higher oil prices, push up India's import bill: IEA

      "India is an energy important country, oil important country, a majority of the oil consumed in India is important, such a move could increase India's oil import bill and as such a burden on the Indian economy and Indian consumers," said IEA chief Fatih Birol.

    • This year will be challenging, especially for energy-importing countries: IEA chief

      Birol says clean energy is growing very strongly, but the oil and gas markets are still volatile

    • Epicentre of climate-change tech will move into India: Prashanth Prakash

      There’s a large opportunity in this space to build from India for the world, says the co-founder of venture capital major Accel India and Board member at ACT.

    • COP 27 | What is implementation COP, and how is the Russia Ukraine war driving the world towards cleaner energy

      For the first time, the worldwide demand for every type of fossil fuel will peak in the near future.

    • How Blockchain Technology can help halve the average global carbon footprint by 2050

      With scientists calling for a concerted global effort to reduce global warming, blockchain technology is slated to play an important role in helping businesses reduce greenhouse gas emissions.

    • Oil rises as IEA hikes 2022 demand growth forecast

      Brent crude futures gained $1.29, or 1.3%, to $98.69 a barrel by 1348 GMT, while U.S. West Texas Intermediate crude futures rose $1.45, or 1.6%, to $93.38.

    • Russia's oil is in long-term decline and the war has only added to the problem

      The International Energy Agency (IEA) predicted that from April, three million barrels per day of Russian oil output could be shut in that’s about a third of the total.

    • The oil price shock will reverberate into next year

      There’s no end in sight for the price spike as supply struggles to keep up with demand.

    • More oil, slower demand mean world can weather Russian losses: IEA

      "Over time, steadily rising volumes from Middle East OPEC+ and the U.S. along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption," the IEA said in its monthly oil report.

    • What’s your green investment for saving our present and the future?

      You can pledge to do your bit too - pick carpooling, working from home a few days a week, virtual meetings/webinars and events, and public transport. Avoid unnecessary travel, taking the lift.

    • The future of energy will require bigger sacrifice from citizens

      The need for more energy conservation has snowballed. The war in Ukraine is forcing Europe to curb dependence on Russian energy. The post-pandemic economic recovery is creating power shortages in China. The rapid shift to renewables, extreme weather events and sky-high fuel prices are stretching grids from Texas to Pakistan.

    • Energy consumers pledge ‘Radical’ cutbacks in Russian imports

      All of the IEA’s 31 members -- which includes the U.S., Japan and Germany -- outlined individual polices and plans to immediately reduce their intake following Russia’s invasion of Ukraine, Executive Director Fatih Birol said.

    • Oil futures open higher on IEA supply warning

      Front-month Brent crude futures were up about 66 cents, or 0.67 percent, to $98.68 a barrel at 1222 GMT , while U.S. West Texas Intermediate (WTI) crude was up 84 cents, or 0.86 percent, to $95.86 a barrel.

    • IEA says 3 million bpd of Russian oil, products could be shut in next month

      The IEA lowered its forecast for world oil demand for the second to fourth quarters of 2022 by 1.3 million bpd noting rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation.

    • How electric vehicles are faring globally and the road ahead for India

      The year 2021 marked an uptick in global sales of electric vehicles with India set to shape up as a key market by 2030. But is India prepared for the supply-chain issues that the EV industry may face in the coming years?

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