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The Latest Breaking News from International Energy Agency

Iraq Was Pressured to Increase Oil Output Away from OPEC, Says Oil Minister

Iraq was pressured to increase its oil production outside the remit of OPEC's policy on output, Oil Minister Ihsan Abdul Jabbar said on Saturday. He also told Al Hadath TV that OPEC was committed to providing the oil supplies needed to compensate for any shortages. OPEC has resisted calls by…

Asharq Al-Awsat

Here's Why Camber Energy Shares Are Rising

Shares of oil, energy and oil services companies, including Camber Energy Inc (NASDAQ: CEI), are trading higher as oil prices gain. While the International Energy Agency reported a larger-than-expected build in US crude inventories, supply constraints continue to drive prices higher.

Benzinga

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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NZ bolsters emergency oil stocks backed by offer of Marsden Point storage

New Zealand pre-ordered more oil stocks just before Russia invaded Ukraine, which have increased government reserves this month – at a critical time.

Newsroom.co.nz

Climate change may threaten India’s food security, cripple GDP, IPCC report a grim reminder

The latest report of IPCC, the UN’s expert body of scientists on climate change, has come at a time when India has recorded the hottest March in 122 years and is suffering heat waves in the first week of April. It has special significance for India, which is among the…

Newslaundry

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

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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,

Benzinga

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.

Reuters

Biden bets a million barrels a day will drive down soaring gas prices – what you need to know about the Strategic Petroleum Reserve

The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and diesel prices. About a million barrels of oil will be released every day for up to six…

The Conversation

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…

Asharq Al-Awsat

Oil prices fall ‘as US mulls record release from crude reserves’

Reports suggest President Joe Biden is considering releasing up to 180 million barrels of oil from the US Strategic Petroleum Reserve.

The Independent UK

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.

ABC News

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

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Wales Online

Working from home, lower speed limits and car-free Sundays part of plan to combat oil crisis

Ten measures put forward by the International Energy Agency to make up for oil shortfall caused by war

Wales Online

Ten-point plan to avoid 'biggest oil supply shock in decades'

The International Energy Agency has put forward recommendations to save fuel

The Guardian - UK

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

Benzinga

The International Energy Agency Warns Of An Oil Supply Shock As 30% Of Russian Production Could Go Offline Soon. A Hedged Bet On Oil Going Higher.

Jan-Rune Smenes Reite/Pexels Ukraine Crisis Puts Upward Pressure On Oil

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The Independent UK

Energy agency: 10 steps would save 2.7M barrels of oil a day

The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel

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

Adopt ‘car free Sundays’ to tackle oil crisis, governments told

The International Energy Agency has set out a 10-point plan to cut global demand for oil by 2.7 million barrels per day

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…

Newslaundry

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.

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…

France 24

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…

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