Brent crude futures climbed $1.96, or 1.8%, to $109.89 a barrel at 0039 GMT, adding to a 1.2% rise last Friday
By Noah Browning
Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April.
Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production
Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, IEA said on, with the coal sector identified as the biggest single source.
A massive expansion of the global gas pipeline network threatens climate goals and creates a $485.8 billion stranded asset risk, according to a new survey by Global Energy Monitor (GEM).
The IEA on Friday revised up its baseline estimate of global demand by nearly 800,000 barrels per day (bpd), just under 1% of the 100 million bpd global oil market
Prime Minister Justin Trudeau's Liberal government has pledged to cut carbon output 40% to 45% below 2005 levels by 2030.
Rising consumption in China, India and the United States could bring global coal-fired power demand to a new all-time high this year, the International Energy Agency (IEA) said on Friday.
For weeks, the White House and administration officials had urged the OPEC and its allies including Russia to accelerate production increases to satisfy demand
Such a move may not have a long-term impact on dampening U.S. oil prices that hit a seven-year high above $85 a barrel in late October, analysts say
Governments increased the amount of their economic recovery spending by 20% directed towards clean energy investments in the past 3 months, new estimates from IEA's Sustainable Recovery Tracker show.
Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe
Crude has surged this year as a rebound in activity from the pandemic has boosted consumption, depleting inventories
An almost $4 trillion investment into clean energy is required to meet the Paris Agreement pledge to limit the global temperature increase to 1.5 degrees Celsius, IEA said
More could be done to fill storage sites ahead of winter heating season, says energy body
Brent crude rallies above $74 as Storm Nicholas hits US Gulf Coast
It's a marked reversal for the Paris-based agency, which just a month ago was urging the Opec+ alliance to open the taps or risk a damaging spike in prices
Oil prices declined on Thursday after the International Energy Agency said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand