International Energy Agency

India ready to support oil markets after IEA agrees for record release

IEA's release is aimed at preventing a further rise in oil prices and is more than double the ​182 million barrels released in 2022 following Russia's invasion of Ukraine

IEA to release record 400 million barrels of oil from stockpiles

The IEA, which co-ordinates stockpile releases for OECD countries, has said its 32 members hold more than 1.2 billion barrels in public emergency stockpiles

IEA floats proposal for largest-ever oil release amid West Asia conflict

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

Oil prices fall after IEA proposes largest oil stock release ever

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

India has no plans to join IEA strategic oil reserve release: Report

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

US gives IEA one-year deadline to drop net zero focus or they'll quit

The Paris-based IEA was formed after the 1970s oil supply crisis and provides research and data to the US and other industrialised governments to guide energy policy

India plugged in too late, nears bottom in 2025 ePV rankings, shows data

India ranks 47th in global ePV adoption in 2025 with just 4% penetration, far from its 2030 target, as infrastructure and policy gaps slow EV momentum

Global Energy Alliance to raise $100 mn to digitise electric grids: CEO

GEAPP is a philanthropic body backed by The Rockefeller Foundation, IKEA Foundation and the Bezos Earth Fund

US renews threat to withdraw from IEA over climate advocacy concerns

"We're definitely not satisfied," US Energy Secretary Chris Wright said, ahead of an IEA ministerial meeting. The agency must complete reforms "for the US to remain a long-term member," he said

AI can help manage power sector complexity as renewables grow: IEA expert

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

EAM Jaishankar meets IEA chief in Paris, discusses global energy scenario

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

India to see rare coal-fired power dip in 2025, only third in 50 years: IEA

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

Electricity demand to outpace energy growth, renewables to surge: Report

Electricity demand will rise much faster than overall energy growth in the coming decades, underscoring the need for diversified energy sources, according to an analysis released Wednesday. The report by the International Energy Agency said renewable energy, led by solar power, will grow faster than any other major source in the next few years and that coal and oil demand will likely peak globally by the end of this decade. The report noted that many natural gas projects were approved in 2025, due to changes in US policy, indicating worldwide supply will rise even as questions remain about how it will be used. Meanwhile, global nuclear power capacity is set to increase by at least a third by 2035 after being stagnant for years. The release of the annual World Energy Outlook coincided with UN climate negotiations in Brazil this week, where global leaders are calling for ways to curb the planet's warming. Regional dynamics ------------------------ The IEA says building greater ...

World isn't transitioning away from fossil fuel; decades of robust use left

The IEA will publish its "Current Policy Scenario" this year, showing oil and gas demand won't peak this decade, overturning past assumptions, sources familiar with the draft report said

India ready to extend all possible support: Ambassador Kumaran at IAEA meet

IAEA chief Rafael Grossi voiced concern to the Board of Governors over the ongoing conflict, highlighting recent attacks on Iran's nuclear sites and the risks to nuclear safety and regional stability

IEA sees global oil demand growth slowing to 650K bpd for rest of 2025

The IEA lifted its average demand growth forecast for 2025 as a whole to 740,000 bpd, up by 20,000 bpd from the previous report

Uncertain tides in oil: India's gains tempered by multiple export risks

Expectations of higher supply and lower demand were already visible in the price movements for crude oil over the past weeks

IEA cuts 2025 oil demand forecast amid trade tensions, economic uncertainty

Global oil demand expected to rise by 730,000 b/d in 2025, down from 940,000 b/d last year

Europe should replace Russian LNG with Qatari supply, IEA director

The global LNG market is expected to remain tight until 2027, when a wave of new projects in Qatar, the US and elsewhere will bring fresh supply online

India must free gas pricing, unbundle marketing, transportation biz: IEA

International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising by 60 per cent to 103 billion cubic metres (bcm) annually by the end of the decade. As India targets raising the share of relatively cleaner natural gas in its energy basket to 15 per cent by 2030 from just above 6 per cent currently, IEA prescribed a set of policy reforms to usher in its greater use. Pricing of gas, which is used to generate electricity, make fertilisers and turned into CNG to power automobiles and piped to household kitchens for cooking, is skewed. Gas from legacy fields of state-owned firms like ONGC and Oil India Ltd is currently capped at USD 6.5 per million British thermal unit while there are limits also imposed on fuel from difficult and high costing fields lik