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The Latest Breaking News from International Energy Agency

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…

Asharq Al-Awsat

Daily Dose Ep 996: Bhagwant Mann takes oath, Sonia Gandhi on Facebook 'interference'

Tanishka Sodhi brings you the news from Punjab, Supreme Court, Maharashtra, the Parliament and the International Energy Agency.

Newslaundry

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…

Asharq Al-Awsat

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Oil price tumbles after UAE official signals support for boosting production

The price of oil plunged on Wednesday, after a diplomat from the United Arab Emirates said the country was in favour of the oil-producing group OPEC increasing production. The ambassador's statement was followed by a tweet from the Emirati energy minister, who said the UAE would stick to current production…

France 24

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…

Benzinga

Cost of living: Full list of the cheapest oil providers in Ireland by county

Members of the International Energy Agency sounded the alarm earlier this week over supply fears

Irish Mirror

British families to turn down the heating by 1C to cut reliance on Russian gas

The International Energy Agency has announced a new plan which could reduce the European Union's Russian gas imports by more than a third in the coming year

Daily Mirror

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FTSE 100 Live: Gas soars, Brent crude at 8-year high above $110, Asos pulls out of Russia

Brent crude was today above $110 a barrel, despite efforts by the International Energy Agency to ease fears about oil supply disruptions in the wake of Russian sanctions.

Evening Standard

Nations agree to release 60 million barrels of oil amid war

The International Energy Agency says all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine

The Independent UK

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…

France 24

Energy agency: Methane emissions higher than countries claim

The International Energy Agency says emissions of planet-warming methane from oil, gas and coal production are significantly higher than governments claims

The Independent UK

Oil and gas facilities could profit from plugging methane leaks, IEA says

International Energy Agency reports nearly all the industry’s methane emissions could be avoided at no net cost

The Guardian - UK

OPEC+ Would Seek to Bring Iran into Oil Supply Deal

OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal with world powers, sources close to the group said, seeking to avoid market share competition that could hit prices. A successful outcome to the talks could lift US sanctions on…

Asharq Al-Awsat

Canada praised for climate leadership despite scathing watchdog report on climate-policy failures

When the International Energy Agency (IAE) released its update report on Canada in mid-January, it was largely a summary of the Canadian fossil fuels landscape coupled with praise for the federal government’s climate policy commitments and Canada’s climate leadership.

The Conversation

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