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The Latest Breaking News from IEA

Ignore Wall Street, Here's How to Invest in Uranium Now

Kazatomprom, the world’s largest uranium producer, recently slashed its production target for 2025 due to project delays and sulphuric acid shortages. This move will put renewed upward pressure on uranium prices, which are already at historically elevated levels.

Barchart

Azerbaijan: A Country Steeped In Hydrocarbons

Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account for most of its revenues.

International Business Times

US leads wealthy countries spending billions of public money on unproven ‘climate solutions’

Exclusive: Over $12bn in subsidies awarded for technologies like carbon capture experts call ‘colossal waste of money’

The Guardian - US

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Why the datacenter of 2030 will look very different from today

An insight into what is shaping the datacenters of the future

TechRadar

India has pushed hard for solar. But as its billions demand more power, coal always gets the call

India has been significantly increasing its renewable energy capacity in recent years, but when demand for electricity surges, it still goes back to its most trusted source of power

The Independent UK

Renewables Overproduction Turns Electricity Prices Negative

With the proliferation of solar panels and wind turbines an unusual phenomenon is becoming more and more frequent: wholesale electricity prices turn negative.

International Business Times

Renewable Electricity To Outstrip Coal Next Year: IEA

The amount of electricity produced from renewable sources worldwide is set to surpass output from coal-fired plants for the first time in 2025, the International Energy Agency said Friday.

International Business Times

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EXCLUSIVE: ESG Expert Talks Evolving Bitcoin Mining Narrative, 'Impunity' In Other Industries' Energy Use

Bitcoin mining was long under scrutiny due to environmental concerns associated with the industry, but as more studies emerge about the role the sector plays in the world's transition toward sustainable energy sources, the tides may finally be changing.

International Business Times

Dollar Weakness and Tight US Oil Supplies Push Crude Prices Higher

August WTI crude oil (CLQ24 ) Thursday closed up +0.52 (+0.64%), and Aug RBOB gasoline (RBQ24 ) closed up +1.44 (+0.58%). Crude oil and gasoline prices posted moderate gains on Thursday. The slump in the dollar index (DXY00 ) on Thursday to a 1-month low is bullish for energy prices....

Barchart

3 Undervalued Energy Stocks Poised for a Comeback

As the energy sector navigates the complexities of fluctuating oil prices and shifting global demand, some undervalued stocks show signs of potential resurgence. Therefore, Energy Transfer (ET), VAALCO Energy (EGY), and Obsidian Energy (OBE), each trading under $20, might be solid buys now to capitalize on the current oil market…

StockNews.com

Crude Prices Supported by Dollar Weakness and Tighter US Supplies

August WTI crude oil (CLQ24 ) today is up +0.47 (+0.57%), and Aug RBOB gasoline (RBQ24 ) is up +1.79 (+0.72%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index to a 1-month low is bullish for energy prices. Crude also has carryover support...

Barchart

Oil Demand Growth Slowing, China Consumption Dips: IEA

The Paris-based body that advises industrial nations on energy policy said oil demand increased by just 710,000 barrels per day in the second quarter, the slowest rate in over a year.

Latin Times

‘Will you stop exploring yours?’: Latin America forges ahead on new oil frontier

About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

The Guardian - UK

Is AI A Major Drain On The World's Energy Supply?

When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed the finger at artificial intelligence.

International Business Times

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Reason

My New Spectator (UK) Article on "The (Selfish) Case for Immigration"

The article explains how immigration has major benefits for receiving-country natives, with a focus on Britain.

The Guardian - UK

Revealed: how Sunak dropped smoking ban amid lobbying from tobacco firms

Investigation details industry campaign including legal threats and charm offensive aimed at Tory MPs

InsideEVs

The Facts Are In: It’s Not Looking Good For Internal Combustion

The "EV slowdown" is overblown. It's internal-combustion cars that are on their way out.

StockNews.com

3 Bargain Oil and Gas Stocks Positioned for Recovery

Amid rising oil prices and promising forecasts for global demand, it could be wise to invest in fundamentally sound energy stocks HF Sinclair Corp. (DINO), Energy Transfer (ET), and Cenovus Energy (CVE) that are trading at a discount to their peers. Read on….

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The Conversation

The world no longer needs new fossil fuels – and the UK could lead the way in making them taboo

North Sea oil and gas has become a battleground issue in the UK general election.

Fortune

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,” IEA said.

The Independent UK

Fill ‘er up! Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

It comes as gas prices begin to decline once again across the US, bringing relief to drivers paying a little less to fill up their tanks

The Conversation

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

International Business Times

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

Ivory Coast Bets On Solar In Clean Energy Drive

The sun beats down from a cloudless sky on the town of Boundiali, where Ivory Coast's first solar power plant embodies the drive to embrace clean energy without abandoning fossil fuels.

International Business Times

Solar Investment Outstrips All Other Power Forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

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