Nov 02, 2021 09:20 PM IST
As of October 6, eighty percent of India’s 135 coal-powered plants had less than eight days of supplies left, and more than half of those had stocks worth two days or fewer. So what went wrong? Here, Moneycontrol examines the issues that led to the coal shortage in India, the world’s third-largest importer, despite having large proven reserves.
- Oct 11, 2021 10:52 PM IST
(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 ..
- Sep 14, 2021 08:30 PM IST
Nicholas is the second major storm to threaten the US Gulf region in recent weeks.
- Aug 12, 2021 02:34 PM IST
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.
- Jul 13, 2021 09:05 PM IST
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.
- Mar 17, 2021 03:30 PM IST
"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.
- Mar 04, 2021 08:31 PM IST
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.
- Mar 02, 2021 12:10 PM IST
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.
- Feb 09, 2021 07:23 PM IST
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.
- Feb 09, 2021 12:55 PM IST
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.
- Feb 09, 2021 12:25 PM IST
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.
- Jul 10, 2020 05:00 PM IST
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.
- Jun 16, 2020 08:31 PM IST
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.
- Apr 30, 2020 02:13 PM IST
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
- Apr 16, 2020 08:10 PM IST
The cartel now forecasts a "historical drop" of around 6.8 million barrels per day (mbd) in average daily demand for 2020.
- Apr 15, 2020 02:25 PM IST
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.
- Apr 02, 2020 10:55 AM IST
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.
- Mar 09, 2020 05:20 PM IST
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.
- Aug 09, 2019 05:55 PM IST
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.
- May 28, 2019 06:47 PM IST
Nuclear is currently the world's second-largest source of low-carbon electricity, behind hydropower, and accounting for 10 percent of global electricity generation.
- Mar 31, 2018 07:58 AM IST
"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
- Oct 04, 2017 12:45 PM IST
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.
- Jun 14, 2017 01:46 PM IST
The Paris-based IEA said production outside the Organization of the Petroleum Exporting Countries would grow twice as quickly in 2018 as it will do this year, when OPEC and 11 partner nations have restrained output.
- Mar 15, 2017 02:57 PM IST
"The implementation of the OPEC production agreement appears in February to have maintained the solid start seen in January. For the first two months of the deal the compliance rate averaged 98 percent," the IEA said in its latest monthly report, adding that "global oil supplies rose in February as (both) OPEC and non-OPEC producers pumped more."
- Mar 07, 2017 07:42 AM IST
According to the latest five-year oil market forecast by IEA, global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, said Fatih Birol, Executive Director of IEA at CERAWeek conference.