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South Korea
South Korea to Help Stabilise Energy Market Amidst Russia-Ukraine Conflict
South Korea is committed to helping stabilise the energy market amidst the conflict between Russia and Ukraine, Trade, Industry, Energy Minister Moon Sung-wook …
Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Energy Transition
Global Leaders Vow to Strengthen Energy Security and Accelerate Clean Energy Transitions
The IEA Ministerial Meeting saw ministers gather from around the world in response to energy security and climate crises.
Oil Price
IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'
The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi…
Net Zero Emission
IEA Receives $22 Million Annual Funding Stream to Expedite Net Zero Roadmaps
The International Energy Agency has received a major funding boost in the form of a €20 million funding stream from member countries, enabling the scale-up of …
Carbon Emissions
Global Carbon Dioxide Emissions at Historic Highest in 2021: IEA
Global energy-related carbon dioxide emissions rose by 6 per cent in 2021 to 36.3 billion tonnes, their highest ever, as the world economy rebounded strongly fr…
Oil & Gas Supply
IEA Unveils 10-Point Plan to Cut Oil Supply Crunch
The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…
IEA: Increasing Renewables in Moldova’s Energy Mix Is Key
The International Energy Agency (IEA) has released a report and roadmap for Moldova to guide their system integration of renewables.
Crude Oil
The World Could See a Record-Breaking Oil Supply Shock
IEA: market could lose around 3 million bpd of supply from Russia starting in April.
Crude Oil
Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns
Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…
Crude Oil
IEA: 3 mbpd of Russian Oil may not Reach Market from April
Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, off…
Oil Futures Open Higher on IEA Supply Warning
Oil futures rose in early trading on Thursday, recovering some of the prior day's losses, after IEA said a decline in oil demand due to higher prices would not …
Oil Price
Oil Market Heads for ‘Biggest Supply Crisis in Decades’ with Russia’s Exports Set to Fall, IEA Says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, IEA said Wednesday.
Carbon Emissions
Global Energy-Related CO2 Emissions ‘Hit Highest Level in History in 2021’
Increased use of coal was the main factor driving up emissions by over two billion tonnes, according to the IEA.
Carbon Emissions
Global Energy-Related Carbon Emissions Reach Highest Level Yet in 2021, IEA Says
Coal accounted for 40% of the carbon dioxide emissions last year.
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