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Oil climbs on pressure from Ukraine conflict, tight market

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

Oil climbs on pressure from Ukraine conflict, tight market
Updated On : 21 Mar 2022 | 11:06 AM IST
Updated On : 18 Mar 2022 | 4:50 PM IST

Oil prices climb 3% after IEA warns of 3 mn bpd shortfall in supply

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.

Oil prices climb 3% after IEA warns of 3 mn bpd shortfall in supply
Updated On : 17 Mar 2022 | 2:10 PM IST
Updated On : 16 Mar 2022 | 3:29 PM IST

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock

Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock
Updated On : 09 Mar 2022 | 11:31 PM IST

Energy sector methane emissions 70% more than official figures: IEA

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.

Energy sector methane emissions 70% more than official figures: IEA
Updated On : 23 Feb 2022 | 12:36 PM IST

Global gas pipeline expansion creates $485.8 bn stranded asset risk: Survey

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).

Global gas pipeline expansion creates $485.8 bn stranded asset risk: Survey
Updated On : 23 Feb 2022 | 12:16 PM IST

Oil prices inch toward $100 a barrel as IEA revises demand outlook

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

Oil prices inch toward $100 a barrel as IEA revises demand outlook
Updated On : 15 Feb 2022 | 12:34 PM IST

IEA says Canada can be key global oil supplier if emissions promises kept

Prime Minister Justin Trudeau's Liberal government has pledged to cut carbon output 40% to 45% below 2005 levels by 2030.

IEA says Canada can be key global oil supplier if emissions promises kept
Updated On : 14 Jan 2022 | 8:16 AM IST

World coal power demand to hit new high after China, India, US surge: IEA

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.

World coal power demand to hit new high after China, India, US surge: IEA
Updated On : 17 Dec 2021 | 12:00 PM IST

How Joe Biden's overture to Asian oil consumers serves warning to OPEC+

For weeks, the White House and administration officials had urged the OPEC and its allies including Russia to accelerate production increases to satisfy demand

How Joe Biden's overture to Asian oil consumers serves warning to OPEC+
Updated On : 19 Nov 2021 | 7:21 AM IST

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?

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

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?
Updated On : 18 Nov 2021 | 7:56 AM IST

Clean energy accounts for just 3% of post-pandemic recovery: IEA Update

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.

Clean energy accounts for just 3% of post-pandemic recovery: IEA Update
Updated On : 28 Oct 2021 | 1:24 PM IST

Energy crisis threatens global economic recovery, says IEA

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

Energy crisis threatens global economic recovery, says IEA
Updated On : 15 Oct 2021 | 11:06 AM IST

Oil holds above $80 as IEA warns of volatility, higher prices

Crude has surged this year as a rebound in activity from the pandemic has boosted consumption, depleting inventories

Oil holds above $80 as IEA warns of volatility, higher prices
Updated On : 13 Oct 2021 | 2:23 PM IST

$4 trn required in clean energy investment to limit global warming: IEA

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

$4 trn required in clean energy investment to limit global warming: IEA
Updated On : 13 Oct 2021 | 11:09 AM IST

IEA says Russia could do more to boost Europe's gas supply

More could be done to fill storage sites ahead of winter heating season, says energy body

IEA says Russia could do more to boost Europe's gas supply
Updated On : 21 Sep 2021 | 8:09 PM IST

Vaccines set to unleash pent-up oil demand; expect big jump in Oct: IEA

Brent crude rallies above $74 as Storm Nicholas hits US Gulf Coast

Vaccines set to unleash pent-up oil demand; expect big jump in Oct: IEA
Updated On : 14 Sep 2021 | 11:27 PM IST

IEA cuts oil demand outlook on coronavirus, sees surplus in 2022

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

IEA cuts oil demand outlook on coronavirus, sees surplus in 2022
Updated On : 13 Aug 2021 | 1:42 AM IST

Oil prices slip as IEA warns of slowdown in global demand recovery

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

Oil prices slip as IEA warns of slowdown in global demand recovery
Updated On : 12 Aug 2021 | 7:53 PM IST