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The Latest Breaking News from IEA

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

Rolling coverage of the latest economic and financial news

The Guardian - UK

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"

Nottingham Post

E-scooter use up nine per cent across Newcastle and Sunderland as fuel prices reach all-time high

Provider Neuron expects more riders to consider affordable alternative forms of transport such as e-scooters in their daily commutes to avoid the cost of filling up their cars.

Chronicle Live

From analysis to the latest developments in health,
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Proposals to ban Sunday driving and cut motorway speed to 64mph limit to save oil

The International Energy Agency, who advise the UK Government, has a 10 point plan for reducing our reliance on oil amid high fuel and petrol prices

Chronicle 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

Leeds Live

Lower speed limits and no driving on Sundays proposed to save oil as Ireland and global prices soar

In the face of the emerging global energy crisis, the IEA’s 10-Point Plan to Cut Oil Use proposes 10 actions that can be taken to reduce oil demand

Irish Mirror

Calls to lower motorway speed limit to 64mph and ban people from driving in cities on Sundays

An international body has called for the controversial measures to reduce oil reliance

Manchester Evening News

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Calls for ban on Sunday driving and new motorway limit to tackle oil crisis

The world is facing its biggest oil supply shock in decades

Nottingham Post

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

Liverpool Echo

Motorists could face Sunday driving ban and 64mph motorway speed limit to save fuel

Working from home three days a week, cheaper public transport and more car sharing could also be options to cut fuel consumption.

Daily Record

Calls to ban Sunday driving and cut motorway speed limit to 64mph to tackle oil crisis

It comes ahead of the Chancellor’s Spring Statement in which fuel duty - a tax paid on petrol and diesel prices – is tipped to be cut by 5p-a-litre, reducing it from 57.95p to 52.95p on every litre

Daily Mirror

Top News In Fintech And Beyond For March 22, 2022

👉 Top Things To Know In TradeFi

Benzinga

After Ukraine, how will the world replace Russia’s oil products?

A report from the International Energy Agency makes clear that viable alternatives are limited

The Guardian - UK

Car-free Sundays? IEA sets out 10-point plan to reduce global oil demand

Energy watchdog says measures could help cut oil usage by 2.7m barrels a day within four months

The Guardian - UK

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Radio France Internationale

IEA urges 'emergency measures' to cut oil use as Ukraine war threatens supply

The International Energy Agency (IEA) has called on governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine.

Evening Standard

Investors snap up stake in world’s largest offshore wind farm as IEA warns of looming oil ‘crisis’

Investors have snapped up a stake in the world’s biggest offshore wind farm near Yorkshire amid a race by the West to shift away from reliance on Russian oil and gas.

Asharq Al-Awsat

Oil Surges 7% Amid Warnings of Russian Supply Shortages

Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month and despite the US Federal Reserve's decision to raise interest rates. The supply loss would be far greater…

Benzinga

Silicon Ranch Picks IEA To Construct 70 MW Regenerative Solar Project In Georgia

Infrastructure & Energy Alternatives Inc (NASDAQ:IEA) has secured a contract from Silicon Ranch Corporation to construct the Cedar Springs Solar Ranch in Early County, Georgia. Financial terms not disclosed. The 70-megawatt solar project will provide power to Green Power EMC, the renewable energy supplier for 38 Georgia electric cooperatives. Nashville, Tennessee-based Silicon Ranch…

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Asharq Al-Awsat

IEA: 3 Mln bpd of Russian Oil Could Be Shut in Next Month

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency said on Wednesday, as sanctions bite and buyers hold off. "Of the cutback, we see a reduction…

Al Jazeera

Could energy independence from Russia spur a shift to renewables?

European energy experts and the ECB say such a transition will involve higher energy costs and some hardship.

The Guardian - UK

Phasing out Russian oil: how UK consumers can help the war effort

Slower driving and shorter showers could help Britain wean itself off Russian resources

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…

Tribune News Service

Carbon dioxide emissions skyrocketed in 2021 by 36.3 billion metric tons, highest increase in human history

A mainly coal-fueled, post-lockdown economic recovery boosted carbon dioxide emissions by 6% in 2021, the highest increase ever recorded in human history, according to a new report.

Wales Online

Households urged to turn down thermostats by 1°C to help defeat Russia

Move would help reduce Vladmiri Putin's dominance in the market

Daily Mirror

Turn down your thermostat by 1°C to reduce need for Russian gas, urges regulator

While Britain only gets around 4% of its gas from Russia, Europe is heavily reliant on the country’s supplies, with Germany and Austria claiming more than 50% of it from the nation

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