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Oil prices rise on tight supplies, as IEA warns of global recession

The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd

Oil prices rise on tight supplies, as IEA warns of global recession
Updated On : 13 Oct 2022 | 3:51 PM IST

Shortage of LNG tankers beginning to affect supplies to India: Industry

Tightening Russian gas supplies to Europe has led to scramble for tankers before winter sets in

Shortage of LNG tankers beginning to affect supplies to India: Industry
Updated On : 07 Oct 2022 | 11:24 PM IST

Oil prices set for weekly climb, uncertain demand outlook cap gains

Brent crude futures were down 9 cents, or 0.1%, to $99.51 a barrel 0900 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 38 cents or 0.4% to $93.96 a barrel.

Oil prices set for weekly climb, uncertain demand outlook cap gains
Updated On : 12 Aug 2022 | 3:59 PM IST

After a dip, oil prices on track for weekly gain as recession fears ease

Oil prices dipped in early trade on Friday amid uncertainty on demand outlook based on contrasting views from OPEC and IEA, but benchmark contracts headed for weekly gains as recession fears eased.

After a dip, oil prices on track for weekly gain as recession fears ease
Updated On : 12 Aug 2022 | 10:31 AM IST

Global squeeze on energy supply may get worse, warns IEA's Fatih Birol

"The world has never witnessed such a major energy crisis in terms of its depth and its complexity," IEA Executive Director Fatih Birol said Tuesday at a global energy forum in Sydney

Global squeeze on energy supply may get worse, warns IEA's Fatih Birol
Updated On : 13 Jul 2022 | 2:04 AM IST

Clean energy spending in economic recovery packages surged by 50%: IEA

Across emerging and developing economies, however, the total amount of fiscal resources being dedicated to sustainable recovery measures is one-tenth of the amount in advanced economies

Clean energy spending in economic recovery packages surged by 50%: IEA
Updated On : 12 Apr 2022 | 4:42 PM IST

Oil drops below $100 on reserves release and China lockdowns

IEA members to release 60 mn barrels over 6 months; US producers added 13 oil rigs in week to April 8

Oil drops below $100 on reserves release and China lockdowns
Updated On : 11 Apr 2022 | 5:46 PM IST

Oil slips as IEA nations ready big release from reserves

Oil futures edged lower on Wednesday following a surprising rise in US crude stocks and after news that large consuming nations would also release oil from reserves in conjunction with US

Oil slips as IEA nations ready big release from reserves
Updated On : 06 Apr 2022 | 10:49 PM IST

Oil prices fall as IEA members meet to discuss stocks release

The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively

Oil prices fall as IEA members meet to discuss stocks release
Updated On : 01 Apr 2022 | 3:37 PM IST

IEA plans to hold emergency meeting to tackle soaring oil prices

Consumers are seeking ways to ease the impact of global oil prices, which have soared more than 30% this year.

IEA plans to hold emergency meeting to tackle soaring oil prices
Updated On : 01 Apr 2022 | 10:37 AM IST

OPEC+ ditches IEA data for assessing compliance amid a deepening rift

The Organisation of Petroleum Exporting Countries, and its allies will no longer use oil data from the International Energy Agency to assess compliance with production quotas

OPEC+ ditches IEA data for assessing compliance amid a deepening rift
Updated On : 01 Apr 2022 | 12:26 AM IST

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
IEA urges reduced transport to cut oil use amid supply crunch
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
IEA says 3 million bpd of Russian oil, products could be shut in next month
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