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INTERNATIONAL ENERGY AGENCY ESTIMATES
In Graphics: Europe searches for ACs in soaring heatEurope’s severe heat wave is forcing many to finally consider home cooling, an idea they had long resisted for reasons ranging from socio-c...- For or against air conditioning? EU won't pick sidesThe EU refused to be drawn into a heating political debate on the merits of air conditioning Monday, saying it was not for Brussels to micr...
- No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revi...
- Transformational growth prime focus of India-UK FTA: Piyush GoyalThe minister is in the UK on a three-day visit to review the preparedness of both countries for the implementation of the Comprehensive Eco...
- India Inc profit hit from West Asia tensions to halve if truce holds, Crisil saysCorporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predict...
- 'Very strong' nuclear verification needed in Iran after war: IAEA headFollowing the Middle East conflict, the UN atomic watchdog chief stressed the urgent need for robust verification in Iran to prevent nuclea...
- 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 ...
- IAEA says repairs completed on key power line at Zaporizhzhya nuclear plantUkraine's Zaporizhzhya Nuclear Power Plant has seen crucial power line repairs completed, according to the UN nuclear watchdog. These effor...
- Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude pricesWhy are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a ca...
- Crude shipments through Hormuz at highest since war amid concerns over Iran exit demandsCrude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began...
- S&P cuts India's FY27 growth forecast to 6.6%, sees inflation at 5.1%India's economic growth is projected to slow to 6.6% in 2026-27 due to energy pressures, a weaker monsoon, and global slowdown, S&P Global ...
- MoSPI mulls adding coal assets valuation to national accountsIndia's statistics ministry is exploring ways to put a price tag on its non-renewable resources, starting with coal. This move aims to prov...
- UN watchdog says Iran nuclear inspections 'going to happen'UN nuclear watchdog chief Rafael Grossi confirmed inspections at Iranian atomic sites are imminent, following a preliminary deal between Te...
- MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...
- UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...
- Trump says IAEA will inspect Iran's nuclear sites at the 'appropriate time'US President Donald Trump has contradicted Iran's claims regarding inspections of its nuclear sites. He stated that International Atomic En...
- Iran rejects Vance's claims of Tehran allowing nuclear inspectors, says interactions with IAEA based on 'safeguards agreements'Iran has refuted US Vice President JD Vance's claims of agreeing to allow international nuclear inspectors, stating engagement with the IAE...
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
- Gentlemen's agreement: Did the US cut secret side deals with Iran?Behind the public 14-point MoU, secret negotiations between the US and Iran are reportedly delving into sensitive nuclear program details. ...
- Iran war is a 'wake-up call' for Southeast Asia's energy sector, report saysA war in Iran has highlighted significant energy risks for Southeast Asia. The region faces a potential tripling of its energy import bill ...
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