Page 2 - International Energy Agency

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

Ex-oil market chief criticises IEA, seeks cut in energy transition focus

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

European nuclear projects need de-risking to attract investors: IEA chief

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

Crude oversupply likely to hit 950,000 barrels per day next year, says IEA

Unwinding of ongoing production cuts by Opec+ not enough to counter tepid oil demand growth

Shale drilling techniques could lead to a geothermal surge, says IEA

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

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

IEA forecasts surplus oil supply, weak demand from China despite stimulus

China, which has accounted for more than 60 per cent of global oil demand growth in the last decade

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

Global electricity demand forecast to grow by around 4% in 2024: IEA report

The strong increase in global electricity consumption is set to continue into 2025, with growth around 4 per cent again, according to the report

Oil prices set for best week in over 2 months on positive demand outlook

The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer

Foreign investment dwindles as India struggles to boost oil production

India's high demand for oil and low domestic output are increasing the dependence on imports. The 'supportive' upstream policy, if backed by lower taxes, could turn things around

India and the IEA: Friends with benefits?

Expanding the global energy body membership to include India is crucial for ensuring global energy security

Govt in talks with ministers of IEA member countries for full membership

Ministers from the International Energy Agency's member countries have begun talks with India on its application to become a full member of the Paris-based agency of 31 nations, IEA said on Wednesday. In a statement issued after IEA's 2024 ministerial meeting in Paris, the agency said the talks with India are in recognition of the country's "strategic importance" in tackling global energy and climate challenges. "The Ministerial gave the IEA a strong mandate to deepen cooperation with major emerging economies. This includes starting discussions with India on its request for full IEA membership," it added. India, which joined the IEA as an associate member in 2017, sent a formal request for full membership in October 2023. "Ministers recognised the 'strategic importance' of India in tackling global energy and climate challenges," IEA said. Addressing the meeting through video conferencing, Prime Minister Narendra Modi said India is the world's fastest-growing major economy. "Susta

Best of BS Opinion: Mobile PLI scheme, ensuring energy security & more

Here is the best of Business Standard's opinion pieces for today

India will be world's biggest oil demand growth driver through 2030: IEA

The country is already second largest net importer of the fuel, say agency in report on energy security

Ensuring energy security

India must explore both domestic reform and foreign outreach