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Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...- Iran war triggers global race to build oil reservesVulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...
- Trump's critical minerals pricing plan faces skeptical G7, divided industryAmerica's plan to control critical mineral prices faces hurdles. G7 nations and the US mining sector are divided. The proposal aims to redu...
- Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...
- Oil crisis: World is set to run out of fuel in July? Here's what International Energy Agency is sayingBrent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly abov...
- Saudi Arabia March crude exports drop to lowest on record, JODI saysSaudi Arabia's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets....
- Iran seeks India’s role in West Asia peace efforts ahead of BRICS meet; plans new Hormuz shipping frameworkIran welcomes India's efforts to bring peace to West Asia. The nation is creating a new framework for ships passing through the Strait of H...
- Oil price shock from West Asia conflict accelerating shift to renewables: UNFossil fuel advocates have unwillingly given a boost to renewable energy as the war in the Middle East has triggered an oil price shock, UN...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- How the Iran war oil and gas supply shock compares with past disruptionsA major oil supply disruption is underway due to the US-Israeli war with Iran and the closure of the Strait of Hormuz. This event is the wo...
- Current oil and gas crisis worse than 1973, 1979, 2022 together, says IEA chiefThe oil and gas crisis triggered by Iran’s blockade of the Strait of Hormuz is more severe than the crises of 1973, 1979 and 2022 combined,...
- Japan says beginning release of strategic oil reserves as Middle East war hikes pricesJapan has started releasing its strategic oil reserves. This move follows an International Energy Agency agreement to tap stockpiles. The r...
- India welcomes IEA decision to release emergency oil stocks amid prevailing crude crisisIndia welcomed the International Energy Agency's decision to release 400 million barrels of emergency oil stocks to counter supply disrupti...
- IEA announces record release of strategic stocks in response to Iran war oil price surgeThe International Energy Agency has announced its largest-ever oil release of 400 million barrels to combat soaring crude prices, driven by...
- IEA proposes largest ever oil release from strategic reserves, WSJ saysIn a bid to curb soaring crude prices amidst Middle East tensions, the International Energy Agency is reportedly planning its largest-ever ...
- G7 energy ministers 'ready' to take 'necessary measures' on oil reservesEnergy ministers of the G7 said on Wednesday they "stand ready" to take "all necessary measures" in coordination with the International Ene...
- India begins talks with IEA for full membershipIndia's bid to join the 31-nation International Energy Agency as a full member has commenced discussions with ministers from member countri...
- International Energy Agency invites India to become full-time member: Hardeep Singh Puri"As a natural corollary to the India IEA strategic partnership, Dr Birol invited India to deepen its cooperation with IEA by becoming a ful...
- Increasing partnership between India & IEA could soon yield full membership: IEA Executive Director Fatih Birol"We hope that after this signing ceremony, the potential pathways to eventual membership will be closely looked into from both sides — New ...
- IEA to house new Clean Energy Ministerial SecretariatThe Clean Energy Ministerial (CEM) is a high-level forum of many of the world's economies working together to accelerate the global transit...
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