Fatih Birol News

25.03 / 02:25

markets COST UPS War shock Updates International Never waste an oil crisis: Time to go for market-oriented reforms in India’s oil and gas sector

In every crisis lies an opportunity, it is said. At the very least, today’s hydrocarbon crisis should re-open India’s forlorn debate on pushing oil and gas into a closer market embrace as a sector. Ever since we ran into supply snarls that began with yet another war in West Asia, shock-absorbers have been in focus, along with our import dependence.To be sure, this is no ordinary shock.

16.10 / 13:17

UPS Manufacturing Bill trends reports International The world will be fueled by electricity but even more clean energy is needed, report says

The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges but there’ll also be an excess of planet-warming fossil fuels, a report released Wednesday by the International Energy Agen...

20.09 / 03:01

economy wellness War reports travelers International EU chief travels to Kyiv with promise of fresh energy funds to get Ukraine through winter

European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine with the promise of 160 million euros in fresh energy funds to get the nation through the winter

13.02 / 12:54

markets Extreme Action economy country International Oil markets should be ‘comfortable’ in 2024, IEA says

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.

24.01 / 06:55

markets UPS country reports International King coal set to lose crown for electricity production: IEA

International Energy Agency said Wednesday. In its annual report on the electricity market, the IEA said that renewables — in particular from solar panels — should see their share of total electricity production surpass a third of the total, passing from 30 percent last year to 37 percent in 2026.

18.01 / 17:31

markets UPS Trade show information reports Oil ticks higher after IEA, OPEC global demand forecasts; MCX crude up 3%, Brent at $78/bbl

₹6,149 per bbl, having swung between ₹6,000 and ₹6,157 per bbl during the session, against a previous close of ₹5,972 per barrel. The U.S. Energy Information Administration reported a larger than expected draw in crude inventories of 2.5 million barrels in the week ended Jan.

18.01 / 02:47

markets COST Target Reuters reports International Oil prices edge higher on OPEC demand estimate, while cold hits U.S. output

Oil prices edged higher on Thursday as OPEC forecast relatively strong growth in global oil demand over the next two years and a cold blast in the U.S. disrupted some oil production. Brent crude futures gained 28 cents to $78.16 a barrel by 0004 GMT, and U.S.

11.01 / 20:51

COST Target country consequences reports International Renewables grew rapidly in 2023, but must grow faster to meet climate change goals

The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years

11.12 / 08:13

Aviat Manufacturing Experts country hospital 2020 reports What is carbon capture and why does it keep coming up at COP28?

The future of fossil fuels that are warming the planet are at the core of negotiations at the United Nations climate summit in Dubai

23.11 / 15:35

Extreme Fighting economy President Experts country reports Slash To save climate, oil and gas sector must slash planet-warming operations, report says

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change

23.11 / 08:55

Target Chevron Align country social reports shock Oil producers face ‘moment of truth’ over green investment, IEA warns

London | Oil and gas producers should be spending about half of their annual investment on clean energy projects by 2030 to be aligned with global climate goals, the International Energy Agency has said.

21.11 / 16:12

Provident Target Fitch show country reports Oil reverses gains as investors turn cautious ahead of OPEC+ meeting; Brent at $81/bbl

₹6,470 per bbl, having swung between ₹6,420 and ₹6,500 per bbl during the session so far, against a previous close of ₹6,543 per barrel. Also Read: Crude below $80/barrel to support OMCs in near-term; ONGC, Oil India key beneficiaries of high prices -Between now and the weekend meeting, traders will get fresh insights into US fundamentals with the release of official figures on crude and product stockpiles. Nationwide crude inventories have expanded for the past four weeks to the highest since August.

24.10 / 13:13

UPS Fighting country outbreak reports shock Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says

Oil prices are up and markets are tense after the outbreak of war in Gaza

20.10 / 05:39

UPS Action President Experts country reports Department PUMP Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices

17.10 / 05:55

UPS FIVE Manufacturing economy Southern reports Electrical grids aren't keeping up with the green energy push. That could risk climate goals

Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years

26.09 / 14:55

UPS Target FIVE Action reports Solar Boost in solar energy and electric vehicle sales gives hope for climate goals: Report

Limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) is becoming harder but a narrow window remains because clean energy infrastructure has grown around the world, a new report said Tuesday

12.09 / 17:59

Target Action Fighting Demand for Oil, Coal, Gas to Peak This Decade, IEA Chief Says

Demand for all three major fossil fuels—oil, coal and natural gas—will peak this decade, marking the “beginning of the end" of fossil fuels and a “historic turning point" in the world’s transition toward renewable energy, the head of the International Energy Agency said Tuesday. The IEA has been at the forefront of predictions that demand for fossil fuels is reaching its zenith, but it is the first time the Paris-based agency has predicted a peak in demand for all three energy sources.

06.09 / 16:51

COST UPS Williams Continental country Solar Africa’s Vast Solar and Mineral Resources at Risk of Being Left Untapped, IEA Warns

Energy investment in Africa needs to more than double by the end of the decade if the continent is to meet its energy and climate goals. However, high costs are putting off much-needed investment in the region’s plentiful clean-energy resources and huge reserves of critical minerals, the International Energy Agency said. “African countries have huge energy potential, including a spectacular range and quality of renewable-energy resources," said Fatih Birol, executive director of the Paris-based agency in a report published jointly with the African Development Bank on Wednesday.

22.07 / 12:05

Provident Target Progressive Action Strategy stage country COP28 COP28, IEA forge path to 1.5C degree-aligned energy transition

New Delhi: The COP28 UAE Presidency and the International Energy Agency (IEA) convened the first in a series of high-level dialogues in the run-up to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy Agency (IRENA) and will be supported by the United Nations Framework Convention on Climate Change (UNFCCC). The dialogues are intended to build consensus on 1.5°C-compatible energy transition pathways and the enabling conditions needed to achieve them, as well as momentum around the target energy outcomes for COP28.

12.07 / 08:15

UPS Target MET Manufacturing Toyota Browser net zero Threat Net zero targets under threat unless mining is stepped up, warns IEA

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12.07 / 04:35

COST UPS Gap Assurant Citigroup Critical mineral shortages to ease on investment surge, IEA Says

critical minerals are looking less likely to stymie the transition to a low-carbon economy, the International Energy Agency said in a new report tracking a surge of investment into the mining sector. Investment in the industry has jumped 50% over the past two years, driven chiefly by increases in lithium projects, and a host of newly announced projects indicates that supply is catching up with an anticipated boom in demand through to the end of the decade, the agency said in the report published Tuesday.

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