Tag: IEA

Emerging economies are expected to support overall demand, International Energy Agency (IEA)’s latest medium-term market report says, with new LNG supply likely to ease market strains after 2025.

Net zero and limiting global warming to 1.5 °C remains possible due to the growth of clean energy technologies, though momentum needs to increase, according to the International Energy Agency (IEA).

IEA presented a report to Oman to showcase how rich renewable resources and vast land expanses could make the country a competitive low-emissions hydrogen supplier by 2030. 

According to International Energy Agency (IEA), it is unlikely moves by the G7 nations to fight the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products.

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.

On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective December 5, 2022) and banned seaborne imports of petroleum products from Russia, including diesel fuel (effective February 5, 2023).

According to IEA, global energy-related carbon dioxide emissions rose by under 1% in 2022 – less than initially feared – as the growth of solar, wind, EVs, heat pumps and energy efficiency helped limit the impacts of increased use of coal and oil amid the global energy crisis.

According to the IEA's Global Methane Tracker, the oil and gas industry could reduce greenhouse gas emissions while spending only a small portion of the windfall profits it has received from the energy crisis.

Technologies motivated by climate change concerns accounted for nearly 80% of all patents related to hydrogen production in 2020, new analysis by the European Patent Office (EPO) and the International Energy Agency (IEA) shows.

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.