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Renewables set to break new record in 2022 despite supply chain challenges
- Growth mainly driven by solar PV in China and Europe despite supply chain challenges, delays and high raw material costs
Energy savings in Europe could cut equivalent gas volumes of Nord Stream-1 flow
- IEA's head says simple actions could save households €450 per year and reduce reliance on Russia during 'first global energy crisis'
Int. Energy Agency revises down oil demand forecast for 2022
- Surge in COVID-19 cases and severe new lockdowns in China leads to downward revision to global demand in 2Q22 and for year as a whole
Oil up as Russia-Ukraine crisis outweighs emergency oil releases
- Int. Energy Agency’s intervention to decrease prices by tapping emergency oil reserves will fail to change fundamentals in oil market, experts believe
Int. Energy Agency confirms 2nd joint oil emergency stock release
- Move comes after decision to release 62.7 million barrels of oil from emergency stocks due to supply constraints from Russia-Ukraine conflict
OPEC ends reliance on International Energy Agency data
- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
Nearly 3 million barrels per day of Russian oil could be shut in April
- International Energy Agency says losses could increase should restrictions or public condemnation escalate
Int. Energy Agency revises down oil demand forecast for 2022
- Surging energy and other commodity prices, along with sanctions against Russia, are expected to depress world GDP and oil demand, says IEA
IEA confirms to release over 61 million barrels of oil from stocks
- Pledged amount of crude oil represents just 3% of total emergency reserves, says IEA
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IEA proposes plan to reduce EU reliance on Russian gas supplies by one third
- Kadri Simson, European Commissioner for Energy, says EU Commission is also planning to propose a pathway next week
60M oil barrels to be released from emergency stocks: Int. Energy Agency
- IEA members hold emergency stockpiles of 1.5 billion barrels and pledge equivalent of 2 million barrels a day for 30 days
IEA head urges OPEC+ to narrow gap between actual output and targets
- Oil markets are suffering from tight supply, as world’s biggest oil producers fail to meet monthly production quotas
EU banks still providing funds for fossil fuels
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
Int. Energy Agency oil demand forecast up 900,000 barrels per day for 2022
- Agency projects strong recovery in transportation demand in second half of this year
Global gas markets could see limited supply availability in next few years
- In absence of strong policies to curb demand, gas supply adequacy could emerge as a concern in medium term
Int. Energy Agency oil demand forecast up due to softer COVID-19 restrictions
- Despite explosion of worldwide COVID-19 cases, government measures to contain virus are less severe, says International Energy Agency
Surging electricity demand is putting power systems under strain worldwide
- In absence of faster structural change, rising demand over next 3 years could result in additional market volatility and high emissions
Russia responsible for Europe's natural gas crisis: IEA chief
- Natural gas prices in Europe increase by over 900% since January 2021
Int. Energy Agency oil demand forecast down due to surge in COVID-19 cases
- New surge in COVID-19 cases is expected to slow, but not derail, recovery in oil demand that is underway, says International Energy Agency
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IEA expects all-time record in renewable installations globally in 2021
- Renewable electricity growth accelerates faster than ever but further deployment is needed across all key sectors, report says
IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas
- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA
Net zero emissions by 2050 will require up to six-times more minerals
- Lithium is estimated to see fastest growth with demand up over 100 times from current level through to 2050, IEA says
Governments need to move decisively to unlock growth for low-carbon hydrogen
- Global production of low-carbon hydrogen is currently minimal and not cost-competitive, a new IEA report says
04.10.2021
Renewable
High oil prices threaten already-fragile global energy markets
-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall
IEA head Birol named on TIME 100 list of world's most influential people
- Whatever influence I may have, I want to use it to give world a fighting chance of limiting global warming to 1.5 °C, Birol says
15.09.2021
International Organization
Int. Energy Agency lowers oil demand expectation for 2H21 and 2022
- Outlook for remainder of 2021 is downgraded due to worsening progression of pandemic and revisions to historical data: IEA
Global oil demand to rise by over 3% in 2022: Int. Energy Agency
- Stronger oil demand is expected in 2nd half of year, on back of robust economic growth, rising vaccination rates & mobility
Global oil demand to rise 6% in 2021: International Energy Agency
- 1st half demand revised up, but estimate for 2nd half adjusted lower due to slow vaccination campaigns in non-OECD economies