The Latest Breaking News from IEA

Renewable energy is poised for a rebound in 2024, but higher oil prices will continue to make it difficult to quit fossil fuels. A crucial year looms.

Despite the increasing focus on transitioning away from fossil fuels worldwide, oil demand is expected to remain solid in the coming years. Hence, fundamentally solid energy stocks Baker Hughes (BKR), Sasol (SSL), and CrossAmerica Partners (CAPL) might be ideal buys now. Keep reading.

The Institute of Economic Affairs appeared on British media an average of 14 times a day in the last year, this newsletter has found.

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

Global coal demand to decline by 2026, India to remain "driving force" despite record production in 2023.

If nothing else, a barrage of union money aimed at Wilhour could divert “Eastern Bloc” resources away from their hoped-for battle against Rep. Dave Severin, Rich Miller writes.

While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to fossil fuels, International Energy Agency chief Fatih Birol told AFP on Friday, it needs to now urgently boost finance for the energy transition in developing countries.

Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year.

IEA report says demand is expected to grow in India, China but decline in United States, European Union.

Oil prices glisten and ascend in response to a softer dollar combined with the IEA's performance-enhancing tweak to global demand estimates.