A warning to critical minerals buyers: Avoid butter mountains, aluminium floodsWestern nations are investing heavily in critical minerals to reduce dependence on China. However, experts warn this could lead to a surplu...
IEA chief warns commercial oil inventories are depleting rapidly, only weeks leftInternational Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply ...
'Iran is the clear aggressor': Hegseth warns of 'overwhelming firepower' as US launches Project Freedom in Strait of HormuzThe United States has issued a stern warning to Iran regarding its actions in the Strait of Hormuz. US Defence Secretary Pete Hegseth state...
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...
Iran conflict exposes limits of energy transition, pushes world back to oil, gas and nuclearRecent global events, particularly the Iran conflict, have highlighted the continued reliance on hydrocarbons, pushing back EV targets and ...
IMF cautions countries against broad fuel subsidies to deal with war-driven energy shockGlobal finances face new pressure from the Middle East conflict. Rising energy prices and interest rates strain economies. The IMF advises ...
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controlsLeaders are appealing for energy stocks to flow freely to markets. Countries facing severe impacts are being consulted on supply concerns.
US wholesale prices surged 4% last month after the war in Iran sent energy prices soaringU.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
Oil prices fall as US-Iran dialogue hopes ease supply concernsOil prices dropped as talks between the U.S. and Iran offered hope for de-escalation. This eased worries about supply disruptions from the ...
Bangladesh schools to go online in energy crunchBangladesh will launch a hybrid school system with virtual and in-person classes on a pilot basis next week to help with the energy crunch ...
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,...
Energy crisis will not be resolved quickly if war ends, IEA chief warnsResolving this severe disruption will take considerable time, even if fighting ceases soon, affecting energy security worldwide.
International Energy Agency discussing further oil stock releases, chief Birol saysThe International Energy Agency is discussing releasing more oil from stockpiles. This action is being considered due to the ongoing Iran w...
IEA bets on India to end green funding deadlock"I see India as the leader of global south now. It is very clear. I am very hopeful that India will be able to break the deadlock of the fi...
Pandemic could delay energy demand recovery to 2025: IEAIEA chief Fatih Birol told Reuters that policy makers were lagging behind: "We are far from reaching our climate goals with the existing po...
India to drive global oil demand by 2020: IEA chief economist Dr Fatih BirolBy 2035, India’s oil consumption will exceed 8 mbpd, says IEA chief economist Dr Fatih Birol.
- High oil prices could trigger recession: IEA
High oil prices could tip the world economy into recession, the International Energy Agency (IEA) warned on Tuesday.