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The Latest Breaking News from the International Energy Agency

400 million barrels of emergency oil reserves to be released to calm surging prices

IN FULL

The Independent UK

S&P Futures Waver as Middle East Conflict Uncertainty Persists, U.S. Inflation Data in Focus

March S&P 500 E-Mini futures (ESH26) are trending down -0.09% this morning, swinging between gains and losses as uncertainty surrounding the Middle East conflict remains high, while investors await key U.S. inflation data.

Barchart

Why Japan keeps the world’s third-largest strategic Oil reserve

As global energy markets face unexpected imbalance due to the Middle East rising tensions, Japan prepares to release oil to maintain surging costs. Holding the third-largest strategic reserve globally, as stated by the International Energy Agency (IEA), Japan's massive 254-day buffer serves as a critical shield against supply shocks. While…

The Times of India

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Oil steadies as IEA and G7 move to release record reserves

Oil is trading flat in expectation that the International Energy Agency could trigger the largest-ever release of oil reserves, exceeding the 182 million barrels in 2022 after Russia’s invasion of Ukraine. The G7 will also meet on Wednesday to discuss using the reserves.

Euronews

Fuel crisis: Major UAE oil refinery shut after drone attack; global energy body calls 'emergency meeting'

A major UAE oil refinery halted operations following a drone attack, intensifying fears of a global energy crisis. The International Energy Agency is convening an emergency meeting to assess supply risks and consider releasing strategic oil reserves. Escalating attacks on Gulf energy infrastructure are causing severe disruptions across various industries,…

The Times of India

Oil prices latest: UK inflation forecast to spike amid fears Iran war could trigger new cost of living crisis

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago

The Independent UK

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

US President Trump downplays the crisis, calling it a minor sacrifice for global security. But the recent escalation in the Middle East has led to a significant rise in oil prices, prompting an emergency meeting among G7 leaders.

International Business Times UK

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Oil over $100, markets in freefall, and Iran's new Supreme Leader is Trump's 'worst case' scenario

Finance ministers from the G7 are set to meet at 8:30 a.m. New York time to discuss releasing reserves held by the International Energy Agency.

Fortune

US energy leader slams IEA's net zero agenda, suggests Washington could walk out

US Energy Secretary Chris Wright said the International Energy Agency should focus on energy security and abandon net zero ideas, but EU leaders have backed the Paris-based agency as a "trusted pillar" of the global energy community.

Euronews

Europe is strong in energy research but needs to improve commercialisation, new report says

A new report from the International Energy Agency says that while Europe pioneered the technologies of the future, it risks becoming a research hub for global competitors without systemic industrial scaling.

Euronews

The US is merely the latest to join the global rush to hoard critical minerals

JD Vance is seeking to create a ‘trading bloc’ as shortages and climate crises mean a kaleidoscope of rare earths are increasingly jealously guarded

The Guardian - UK

'Electrifying everything' is key to Europe's future, IEA chief tells Euronews at Davos

The International Energy Agency (IEA) chief told Euronews that safeguarding the continent's energy security and reaching climate goals will be dependent on electrifying "everything" — from energy infrastructure, to transport and buildings.

Euronews

Carney’s China trip is another indication that Canada’s energy sector is its gateway to Asia

Canada has a lot to gain in Asia. From his attendance at the Association of Southeast Asian Nations (ASEAN) summit in October 2025 to his recent visit in Beijing, Prime Minister Mark Carney’s diplomatic trips to Asia show that Canada has both an interest and a need to enter the…

The Conversation

Crude Prices Pressured by Concerns About a Global Oil Glut

February WTI crude oil (CLG26 ) on Friday closed down -0.10 (-0.17%), and February RBOB gasoline (RBG26 ) closed down -0.0168 (-0.08%). Crude oil and gasoline prices tumbled to 2-week lows on Friday on expectations for a record global supply surplus. Both the International Energy Agency (IEA) and the US...

Barchart

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Barchart

Crude Prices Decline on Expectations of a Record Global Oil Surplus

February WTI crude oil (CLG26 ) today is down -0.61 (-1.06%), and February RBOB gasoline (RBG26 ) is down -0.0253 (-1.48%). Crude oil and gasoline prices tumbled to 2-week lows today on expectations for a record global supply surplus. Both the International Energy Agency (IEA) and the US government see...

The Guardian - UK

AI boom has caused same CO2 emissions in 2025 as New York City, report claims

Study author says tech companies are reaping benefits of artificial intelligence age but society is left to pay cost

International Business Times

Rapid Advances in AI, Robotics and Energy Are Reshaping Battery Demands, And Safety Must Lead the Conversation

Data from the International Energy Agency shows that global battery demand grew by 40% year-over-year, driven by both electric mobility and stationary storage deployments. Growth on that scale forces every part of the industry to rethink how energy is stored, tested, and managed, because the expectations placed on these systems…

Capital & Main

Utility Asks New Mexico for ‘Zero Emission’ Status for Gas-Fired Power Plant

Plan puts costs of new solar farms on New Mexicans and extends lives of coal-fired plants. Critics call it “profound greenwashing.”

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The Guardian - AU

How can Australia convince the world to give up fossil fuels if Anthony Albanese is contradicting himself on gas expansion?

Getting to net zero CO2 emissions globally means we can halt global warming. This requires a rapid phase-out. It’s physics

The Guardian - UK

Oversupply of oil could create glut of 4m barrels a day, says energy watchdog

Warning comes as scenario in which global demand continues to grow until 2050 is included in IEA outlook report

Benzinga

Gavin Newsom Slams Trump's Reported California Drilling Push As IEA U-Turns To Predict Global Oil Demand Growth Until 2050

California Governor Gavin Newsom strongly opposed the Trump administration’s reported intentions to expand offshore drilling in California, as the International Energy Agency (IEA) on Wednesday predicted global oil and gas demand could grow until 2050.

The Independent UK

Diverse and resilient energy production is needed to meet future demand, global report says

Electricity demand will rise much faster than overall energy growth in the coming decades, underscoring the need for diversified energy sources and supply chains, That's according to a new report by the International Energy Agency

Euronews

Europe’s water crisis: How waste is ‘amplifying’ the climate crisis and costing millions

Europe’s ‘strained’ energy and water system could slash GDP by up to eight per cent in high-income countries.

International Business Times

Crude Oil Slides To Five-Month Lows Amid Supply Concerns And Weak Demand

The International Energy Agency (IEA) has cautioned that the oil market could face a surplus of up to 4 million barrels per day in 2026, driven by rising production from both OPEC+ and non-OPEC countries, even as demand growth remains sluggish.

The Conversation

OpenAI’s newly launched Sora 2 makes AI’s environmental impact impossible to ignore

OpenAI’s recent rollout of its new video generator Sora 2 marks a watershed moment in AI. Its ability to generate minutes of hyper-realistic footage from a few lines of text is astonishing, and has raised immediate concerns about truth in politics and journalism.

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