IEA

IEA Executive Director Fatih Birol said that recovery timelines would vary across the region depending on national production capacities and infrastructure resilience

Europe has "maybe six weeks or so" of remaining jet fuel supplies, the head of the International Energy Agency said Thursday in a wide-ranging interview, warning of possible flight cancellations "soon" if oil supplies remain blocked by the Iran war. IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called "the largest energy crisis we have ever faced," stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz. "In the past there was a group called Dire Straits.' It's a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world," he told The Associated Press. The impact will be "higher petrol (gasoline) prices, higher gas prices, high electricity prices," said Birol, speaking in his Paris office looking out over the Eiffel Tower. Economic pain will be felt unevenly and "the

Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs

the International Energy Agency on Sunday said its member countries in Asia and Oceania plan to release emergency stocks of oil "immediately" and that reserves from Europe and the Americas "will be made available starting from the end of March". "This emergency collective action, by far the largest ever, provides a significant and welcome buffer," it said in a statement. The Paris-based agency is helping to coordinate the international effort to lower prices. The IEA announced Wednesday that it will make 400 million barrels of oil available from members' emergency reserves - more than double the 182.7 million barrels that the IEA's 32 countries released in 2022 in response to Russia's full-scale invasion of Ukraine. The IEA's update on Sunday said its members have so far committed to making available a total of nearly 412 million barrels from government, industry and other stocks - of which 72% will be crude oil and the rest as oil products.

Historic release of strategic oil reserves may only partly ease global supply disruption if the Strait of Hormuz remains closed, as the oil market remains severely unbalanced

As the IEA prepares its biggest-ever oil reserve release in the wake of the Iran war, here's a look at the countries that produce crude and the role of blocs such as Opec and Brics

IEA members are considering a record release of oil from strategic reserves to stabilise global markets as the West Asia conflict disrupts supply and triggers sharp volatility in crude prices

Brent futures were ​trading down 23 cents, or 0.26 per cent ‌lower, at $87.57 ​a barrel ‌at 0023 GMT

The source also said that India has no plans to restrict its fuel exports as it has 'reasonably' comfortable stocks of gasoline, gasoil and jet fuel

G7 nations are set to discuss a coordinated oil release from strategic reserves via the International Energy Agency as the West Asia conflict pushes crude prices higher and raises supply concerns

Integration of AI can help manage complexities in the power sector, including in India, where the share of renewables is expected to grow in the years to come, an expert from the International Energy Agency (IEA) said. "...We are seeing a very strong trend of increasing complexity of the energy sector at large, specifically the electricity systems. So why is it becoming more complex? One is that in general the electrification is rising," Siddharth Sigh of IEA said while speaking at the AI Impact Summit in the national capital. During a panel discussion on Monday on AI for Power -- Accelerating the Clean Energy Transition -- the energy expert said, the end use of energy is more compared to other fuels. There is greater variable renewable electricity for the system, which was never the case in the past. Most of the other sources of electricity were stable, that is no longer the case. Now with solar and wind, the share of variable renewables is expected to be sizeable by the end of th

Jaishankar is on a six-day official visit to France and Luxembourg from January 4 to January 10, aimed at strengthening India's bilateral ties with both countries

IEA said an early, strong monsoon could curb demand and lift hydropower, pushing coal-fired output down about 3% in 2025, even as coal capacity continues to expand

India's electricity demand is expected to grow by a moderate 4 per cent in 2025, after cooler summer temperatures in the first half of the year reduced consumption and shifted peak load to September, the International Energy Agency (IEA) said. In its mid-year update on electricity, IEA said while global power demand is rising much faster than the forecast for the 2025-2026 period than it did during the past decade, electricity demand in China and India is expected to rise at a more moderate pace in 2025 than the rapid growth seen in 2024. "After 6 per cent growth in 2024, electricity demand in India is forecast to rise by 4 per cent this year," it said. IEA projected Chinese consumption to rise 5 per cent in 2025, down from 7 per cent in the previous year. However, China alone will account for 50 per cent of global electricity demand growth, as it did in 2024. "In India, the impact of global economic uncertainties on industrial activity and cooler summer temperatures compared to 20

India should focus "very" closely on mobility electrification to secure its energy future, and oil import-dependent countries should incentivise electric vehicles, International Energy Agency (IEA) Executive Director Fatih Birol said on Monday. He also said the world faces serious risks from the growing concentration of critical minerals, and urged countries to diversify mining and processing to avoid supply disruptions that could impact the energy transition. Countries, which are importing oil, should consider giving incentives to electric cars in order to reduce the inbound shipments from different parts of the world, Birol added. "In the case of India, I believe India should look at the electrification of mobility very closely because currently we have low oil prices, but it is definitely at the mercy of some of the key oil producers, where the oil prices will go up. If India wants to have the upper hand in terms of the domestic oil trajectories, electric cars are one of the key

India continues to be the world's largest market for electric three-wheelers for a second year in a row as sales rose nearly 20 per cent to reach about 7 lakh vehicles in 2024, the International Energy Agency (IEA) said in a report. In its Global EV Outlook 2025, the Paris-based energy watchdog said India continues to drive most growth in the global electric three-wheeler market. Despite the global three-wheeler (3W) market shrinking 5 per cent from the previous year, electric 3W sales grew more than 10 per cent to surpass 1 million vehicles in 2024. Electric 3W sales represented almost one-quarter of all 3W sales, up from one-fifth in 2023, it said. The market is highly concentrated, with China and India together accounting for more than 90 per cent of electric and conventional 3W sales. "Electrification of 3Ws in China has stagnated at less than 15 per cent over the past three years. In 2023, India overtook China to become the world's largest market for electric 3Ws, and it ...

IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy

Pvt sector started to invest more in nuclear in 2024 to cover growing electricity demand for data centres and artificial intelligence, but long delays and cost overruns for recent projects have hurt

Shale drilling techniques in question have also attracted opposition from environmental campaigners in the context of the oil and gas industry because of concerns over water pollution and earthquakes

The mines ministry on Wednesday entered into a pact with the International Energy Agency (IEA) for cooperation in the area of critical minerals. The Cabinet had earlier this month approved the proposal of signing the memorandum of understanding (MoU) between IEA and the mines ministry. The present association would provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector. The IEA is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD). "This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices," the mines ministry said in a statement. The agreement would also promote capacity building and knowledge exchange between India and the IEA member states, it said, adding that the collaboration on data collection, modelling, and analysis