World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEAThe world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The Inter...
Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concer...
Iran war rapidly wiping out the world’s oil stockpile cushionGlobal oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels dai...
Crude above $110 rattles Dalal Street; rupee sinks to lifetime lowIndian markets experienced volatility on Monday. The rupee hit a new all-time low against the dollar. Bond yields rose significantly. Techn...
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 ...
India’s crude oil stocks drop 15% amid Iran conflict, raising supply concernsIndia's crude oil stocks have dropped 15% since late February due to declining imports amid the Iran conflict. Refiners are drawing from in...
Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran warTwo ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks ...
Hormuz shutdown deepens oil crisis; IEA warns of record inventory drop, demand plungeGlobal oil stocks are depleting rapidly. The Iran war is worsening supply disruptions. This situation will continue for months. The market ...
'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...
Europe may run out of jet fuel in 6 weeks: Why IEA warns Europe could face flight chaos as Iran war sparks a global energy crisisEurope jet fuel shortage: Europe faces a potential six-week jet fuel shortage due to ongoing supply blockages from the Iran war, raising co...
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warnsUkraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with t...
IEA says critical minerals supply could pull close to demand by 2030Investment in critical minerals production surged 30% in 2021 to $41 billion, followed by a 20% increase in 2022, the International Energy ...
Europe must lower winter gas consumption: IEAPrices have exploded over recent months with a slump in Russian provision -- Moscow's riposte to sanctions imposed for invading Ukraine -- ...
IEA says oil market walking tightrope due to economic, supply risksStill, its demand outlook for 2022 was trimmed by just 200,000 barrels per day (bpd) and is set for an annual rise of 1.7 million bpd and 2...
Renewable energy to grow to new record in 2022: International Energy AgencyHowever, the IEA warned that, based on current policies, "renewable power's global growth is set to lose momentum next year." "In the absen...
World must triple clean energy investment by 2030 to curb climate change -IEA"The world is not investing enough to meet its future energy needs ... transition‐related spending is gradually picking up, but remains far...
- 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.