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The Latest Breaking News from Fatih Birol

Oil slides on strong dollar and weaker demand outlook

Recession fears and China COVID curbs weigh on oil; Brent and WTI slide by more than $6 a barrel

The Hindu

Breaking from China’s clean energy dominance ‘imperative’, US and Australia say after new climate tech deal

New agreement to fast-track climate solutions signed as countries underscore need for diversified supply chains

The Guardian - AU

Speedy renewable energy transition will boost national and economic security, Australia and US say

Australia and the US call for the acceleration of the renewable energy transition as a form of insurance, arguing that no country has ever been "held hostage" over access to the wind or sun.

ABC News

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China’s domination of solar a risk to zero-carbon future: IEA

Energy body says world must quadruple the pace at which solar capacity is growing to reach net-zero emissions by 2050.

Al Jazeera

Europe told to get ready now for Russia to turn off all gas exports to region

IEA chief warns that Russia may be trying to prevent countries filling storage facilities ahead of winter

The Guardian - UK

Government failure to boost energy efficiency ‘inexplicable’, says IEA

Saving energy is ‘utterly essential’ to cut bills, end reliance on Russian oil and gas and slash emissions says agency

The Guardian - UK

Davos 2022: 'Europe wrongly relied on Russian gas for years,' IEA chief says

As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has…

France 24

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Davos climate focus: Can 'going green' mean oil and gas?

Government and corporate leaders at the World Economic Forum are debating whether oil and gas companies can or should be part of the future transition to renewable energies such as wind and solar

The Independent UK

Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

Caixin Global

Exclusive: China’s Climate Envoy Meets With IEA Chief in Davos

Xie Zhenhua describes China’s renewable energy push in response to global climate change during session with Fatih Birol

Caixin Global

Ukraine war: COP26, IEA heads warn of digging in on fossil fuels

Alok Sharma and Fatih Birol say they are hopeful the global hydrocarbon crisis could spur a transition to green energy.

Al Jazeera

IEA warns against energy crisis deepening fossil fuel reliance

The energy security crisis since Russia's invasion of Ukraine must not lead to a deeper dependence on fossil fuels, International Energy (IEA) chief Fatih Birol said on Monday.

Reuters

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

The Guardian - AU

‘This is about survival’: will Cop27 bring action on Glasgow climate pact?

Six months from Cop27, climate advisors warn talks must follow through on plans made in Glasgow to limit global heating to 1.5C

The Guardian - UK

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The Guardian - UK

Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief

Fatih Birol says ‘carbon bombs’, revealed in Guardian investigation, will not solve global energy crisis

The Independent UK

Nations 'united' in seeking to cut Russian oil, gas imports

Dozens of nations, including the United States and much of Europe, say they're united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

Nottingham Post

Ban on Sunday driving, car sharing and speed limit cut among 10-point plan to tackle oil crisis

"The world may well be facing its biggest oil supply shock in decades"

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Leeds Live

Cars could be banned on Sundays and speed limits slashed as oil crisis continues

The plan is aimed to limit the UK's reliance on Russian oil as invasion of Ukraine continues

Liverpool Echo

Oil crisis plan could see Sunday driving banned and motorway speed limit cut to 64mph

It comes ahead of the Chancellor’s Spring Statement in which fuel duty is tipped to be cut by 5p a litre

Benzinga

International Energy Agency To Draw Up Plan To Cut Oil Usage As Prices Surge: Reuters

The International Energy Agency (IEA) head says they could plan to release more oil from stocks to ease surging fuel prices and would draw up an action plan to reduce oil usage swiftly, reported Reuters. After Russia invaded Ukraine, oil prices spiked higher, and the West toughened sanctions on Moscow, stirring fears…

France 24

Ukraine crisis could be ‘historic turning point' for European energy, IEA chief Birol says

The head of the International Energy Agency, Fatih Birol, has said the crisis in Ukraine could be a "historic turning point" in how European countries source their energy. Speaking to FRANCE 24 on Wednesday, before the Russian invasion of Ukraine, Birol noted that supplies of Russian gas to Europe had…

The Guardian - UK

Putin’s Ukraine threats may backfire on Russia, says energy chief

Cutting gas supply to Europe would damage Russia’s reputation and cause EU to shift away, says head of IEA

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