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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
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
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
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
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
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Fossil fuel-dependent M. Eastern economies in search of clean transition roadmap
- Fundamental changes to economic model of resource-rich countries look unavoidable, IEA chief says, urging for clean energy transition
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
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
Geothermal and hydropower need more attention: IEA head
- 90% of the new additional capacity in the world comes from renewable energy resources last year, IEA Head Fatih Birol says
Global oil demand to surge 6% in 2021: IEA
- Recovery in global oil demand remains fragile as surging Covid cases in India, Thailand offset recent more positive trends in Europe, US
Norway’s oil, gas output lags behind predictions
- Total liquids output is expected to exceed 2.3 million bpd by end of 2021, highest in over 10 years: Int. Energy Agency
Leaders call for global unity to limit temperature rise
- Global emissions need to halve by 2030 to achieve net-zero targets by 2050
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Suez closure shows Asia’s reliance on Eastward oil flow
- Reason for increasing oil imports into East of Suez is region's growing refining activity, International Energy Agency says
No return to ‘normal’ for post-Covid oil markets: IEA
- Global oil demand expected to incur irreversible damage due to ‘shifting policies, behavior changes, Energy Agency warns
Future of oil prices depends on vaccines: IEA chief
- Even if viable vaccine becomes widely available, little recovery is expected in oil markets, says Fatih Birol
Renewables thrive despite low energy demand: IEA Chief
-Solar power plants have become ‘new king’ of electricity sector amid decreasing global energy demand, says Fatih Birol
Turkey’s giant gas find worth $80 billion: IEA Head
- Around $6 billion investment is necessary to start production from field, IEA Executive Director says
IEA: Global oil supply falls to nine-year low in June
- Record OPEC+ cuts drive most of decline in June as group boosts compliance to 108% from 88% a month earlier
Time to plan postpandemic economic recovery: IEA chief
- In meeting co-chaired by Birol, participants discuss spurring economic growth through clean energy technology investments
Brent oil at $16 a barrel with oversupply, weak demand
- Oil storage levels continue to escalate and available capacity is running out
IEA's Birol urges oil giants to consider deeper cuts
- His comments come after WTI fell Monday into negative territory for first time in history