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Latest Articles in iea

IEA Details Plan To Release 120 Mn Barrels Of Oil Over 6 Months To Cool Prices

The release of stocks by the U.S.-allied members of the IEA, which is made up of 31 mostly industrialized countries but not Russia, would be their second coordinated release in a month and would be the fifth in the agency's history to confront oil market disruption

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Oil Rises From 3-week Low As Supply Concerns Linger

International Energy Agency member countries on Wednesday agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive down prices in a tight market following Russia's invasion of Ukraine but analysts and traders said even with the emergency oil stocks release, supply remained tight

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Petroleum Minister appeals to oil-producing countries to ease production cuts to stabilise global economic recovery

Petroleum Minister appeals to oil-producing countries to ease production cuts to stabilise global economic recovery

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India inks strategic partnership agreement with IEA

India inks strategic partnership agreement with IEA

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Global Energy Demand To Plunge Due To Biggest Shock Since World War II

The International Energy Agency (IEA) provides an almost real-time view of the COVID-19 pandemic's extraordinary impact across all major fuels.

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Ample Supplies, Weak Global Demand Growth To Cap Oil Prices In 2020: IEA

"We are expecting a demand growth of slightly higher than 1 million barrels per day," said the IEA's executive director, Fatih Birol.

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India's Oil Demand Growth Set To Overtake China By Mid-2020s: IEA

India's oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017.

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Oil Market To Remain Oversupplied Despite OPEC+ Pact, Says IEA

The Organization of the Petroleum Exporting Countries and other producers including Russia agreed last week to rein in output by an extra 500,000 BPD in the first quarter of 2020 to balance the market and buoy prices, but they stopped short of pledging action beyond March.

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IEA Sees Hike In India's Renewable Energy Sector Investment

India is likely to revise the target upwards and this will entail a higher flow of investments into the renewable energy sector, says Fatih Birol, executive director of IEA

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Natural Gas To Overtake Coal As World's Second Largest Energy Source By 2030: IEA

Global gas demand would increase by 1.6 percent a year to 2040 and would be 45 percent higher by then than today, Paris-based IEA said

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