International Energy Agency

West Asia war: Politicians, mkts misjudging scale of disruption, says IEA

"The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz," the IEA said

IEA urges work-from-home, less air travel to ease oil shock amid Iran war

The International Energy Agency (IEA) has advocated a set of immediate demand-side measures, including work-from-home, lower speed limits, and reduced air travel to cushion the impact of a historic global oil supply shock triggered by disruptions in the Middle East. Oil prices spiked to over USD 100 per barrel after the US and Israel attacked Iran and Tehran's sweeping retaliatory actions. For India, which imports about 88 per cent of its crude oil needs, the surge in global prices poses a significant macroeconomic risk -- widening the current account deficit, pressuring the rupee, and increasing fuel costs for households and businesses. While petrol and diesel prices have so far not been increased, cooking gas LPG rates have been hiked by Rs 60 per cylinder. "The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz," IEA said in a new report. Some 15 mill

Emergency stocks of oil will soon start flowing to global markets: IEA

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.

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