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Latest Articles in International Energy Agency IEA

Resurgence In COVID-19 Cases Slows Oil Demand Rebound - IEA

Supply and demand are on track for recovery this year, and efforts by major producers to balance the market by reining in output are helping draw down oil stocks worldwide.

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IEA Says Oil Market Outlook Clouded By Vaccine Roll-Out Variables

OPEC and allied countries such as Russia agreed this month to cut crude production through March in a bid to match abundant supply with demand which has sagged amid surging virus cases while vaccination programmes get underway.

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Vaccine Impact On Moribund Oil Demand Is Several Months Away - IEA

The Paris-based watchdog revised down its estimates for oil demand this year by 50,000 barrels per day (bpd) and for next year by 170,000 bpd, citing scarce jet fuel use as fewer people travel by air.

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IEA Sees New European Lockdowns Denting Oil Demand Outlook

China remains the world's major bright spot after suppressing the virus earlier this year and is on track to be the only major country to boost its year-on-year demand for oil

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Oil Dips As Surging Coronavirus Cases Threaten Demand Recovery

Brent crude futures dropped 28 cents, or 0.7% to $43.04 a barrel at 0724 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 24 cents, or 0.6%, to $40.80.

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IEA Nudges Up 2020 Gas Demand Forecast, But Still Sees Record Fall

The IEA said the liquefied natural gas (LNG) market had played a key role in adjusting to the drop in demand, with global LNG exports plunging 17% between January and July.

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IEA Says Oil Demand Recovery Set To Slow For Rest Of 2020

Renewed rises in COVID-19 cases in many countries and related lockdown measures, continued remote working and a still weak aviation sector are all hurting demand

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IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector

Data cited by the IEA indicated that mobility in many regions had reached a plateau but was increasing in Europe, though a rise in COVID-19 cases caused the agency to cut demand estimates for gasoline.

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IEA Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook

The IEA said the Organization of the Petroleum Exporting Countries and other producers including Russia, a grouping known as OPEC+, had shown 108% compliance with their pact to rein in output.

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ADB, IEA renew pact to collaborate on energy sector sustainability and resilience

ADB, IEA renew pact to collaborate on energy sector sustainability and resilience

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Huge Acceleration Of Clean Energy Innovation Needed To Meet Net Zero Target - IEA

The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second half of the century.

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IEA Calls For Measures To Boost EU's Post-Pandemic 'Green' Recovery

Low-carbon building renovations - guided by stricter EU building standards - would help cut bills for Europe's 513 million energy consumers

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IEA Sets Out $3 Trillion Energy Sector Recovery Plan To Spur Growth, Cut Emissions

Global investment of around $1 trillion a year would be required to achieve this over the next three years, which is about 0.7% of today's global gross domestic product.

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Aviation Crisis Means Oil Demand To Stay Below Pre-Virus Levels Before 2022 - IEA

Reduced jet and kerosene deliveries will impact total oil demand until at least 2022 ... the aviation industry is facing an existential crisis

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ADB, IEA Discuss Scaling Up Collaboration In Energy Systems

ADB President Masatsugu Asakawa Asakawa said there is great synergy between the analytical capabilities of IEA and ADB's on-the-ground knowledge in Asia.

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