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The Latest Breaking News from IEA

IEA: Renewable Energy to Grow to New Record in 2022

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain…

Asharq Al-Awsat

President Biden Did Not Consult Global Energy Partners Before Its Massive Reserve Release: Reuters

The International Energy Agency members have become worried that U.S.

Benzinga

Barclays and Standard Chartered shareholder meetings disrupted by protests

Barclays chairman Nigel Higgins was repeatedly interrupted by climate change activists in the audience.

The Independent UK

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Minimum alcohol pricing has cost Scots £270m, think tank claims

The Institute of Economic Affairs said the policy has had little positive impact on public health.

The Independent UK

Minimum alcohol pricing in Scotland 'has cost drinkers £270m' since introduction

The flagship policy was introduced by the Scottish Government in May 2018 as a way of reducing the appeal of cheap high-strength drinks.

Daily Record

China’s lockdowns will help cut global oil demand, predicts IEA

Organisation lowers its oil demand forecast as Covid measures cushion impact of lost Russian flows

The Guardian - UK

IEA Marginally Cuts Global Oil Demand Forecast On Mired Outlook Due To China COVID-19 Lockdown, Russia-Ukraine War: FT

The International Energy Agency (IEA) has lowered its global oil demand forecast amid surging coronavirus cases in China and weaker than expected demand in the U.S. and other developed countries.

Benzinga

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Air NZ rights issue sloppy and confusing

Business & Investing: NZX puts stock in trading halt after 'administrative error', while NZ and Australian sharemarkets barely moved last week

Newsroom.co.nz

Oil Prices Settle Up 2%, Post Weekly Loss on Stockpile Releases

Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. US West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26. For the week,…

Asharq Al-Awsat

300,000 barrels of emergency diesel stored in UK by New Zealand to be released

The news follows global impact of Russia's invasion of Ukraine

Chronicle Live

New Zealand releasing 300,000 barrels of emergency diesel stored in UK

International Energy Agency aims to release 120m barrels of oil stocks to offset loss of Russian supplies

Wales Online

Nations to release millions of barrels of oil amid war

The International Energy Agency says its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine

The Independent UK

Japan to unveil further sanctions on Russia after coordinating with G7, PM says

Japan will unveil further sanctions against Russia for its invasion of Ukraine as early as Friday after coordinating with Group of Seven (G7) allies on further punitive steps, Prime Minister Fumio Kishida said on Thursday.

Reuters

Oil Rises from 3-week Low as Tight Supply Concerns Linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent crude futures climbed $1.48 or 1.5%, to $102.55 a barrel at 0442 GMT,…

Asharq Al-Awsat

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ABC News

Woodside's controversial Scarborough LNG project gets final approval amid climate warnings

Final government approvals are granted for Woodside's controversial Scarborough LNG project off WA's north west coast, just days after a major report warns of the catastrophic dangers of fossil fuel emissions.

Asharq Al-Awsat

Vitol: Oil Prices Don’t Reflect Risk of Disruptions to Russian Exports

Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader. While Brent surged to almost $140 a barrel soon after Russia’s attack on Ukraine…

Asharq Al-Awsat

Oil Climbs on Supply Concerns as Iran Talks Stall

Oil prices gained about $1 on Monday as worries over tight supplies persisted after Germany warned of more sanctions on Russia and talks to revive the Iran nuclear deal paused. Brent crude futures were up 94 cents, or 0.9%, at $105.33 a barrel by 0728 GMT while US West Texas…

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Friday, April 1

Reuters IEA Holds Emergency Meeting To Tackle Soaring Oil Prices

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Benzinga

IEA Holds Emergency Meeting To Tackle Soaring Oil Prices: Reuters

The International Energy Agency (IEA) is set to hold an emergency meeting Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices,

Reuters

IEA states agree on coordinated oil release but not volumes

U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of Ukraine, the International Energy Agency said on Friday, without specifying volumes.

Asharq Al-Awsat

OPEC Holds Special Meeting to Ditch IEA Data

OPEC on Thursday held a brief extraordinary meeting to ditch the International Energy Agency from its list of trusted data contributors, an OPEC source said on Thursday. The meeting followed a regular policy decision meeting. Earlier this week, OPEC experts recommended ditching the IEA and choosing consultancies Rystad and Wood…

Benzinga

Biden Administration Mulls Releasing 180M Barrels Of Oil From Strategic Petroleum Reserve: Reuters

As the White House tries to lower fuel prices, the Biden administration considers releasing up to 180 million barrels of oil over s

Bangkok Post

Carbon neutral quest

Setting net-zero targets has moved higher on many Asian corporate agendas.

ABC News

Household appliance energy efficiency programs cut power bills and emissions — but they are out of date

Some of Australia's energy standards for household appliances are out of date or missing completely. Updating them could save households money and massively reduce emissions over time.

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

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