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Iea

All articles tagged with #iea

US Push Reframes IEA Agenda Away from Climate toward Energy Security
world8 days ago

US Push Reframes IEA Agenda Away from Climate toward Energy Security

At a two-day Paris ministerial, the United States pressured the International Energy Agency to drop climate change from its main priorities and refocus on energy security, resilience, minerals, and electricity systems. The chair’s summary removed climate as a top priority, signaling Washington’s influence over the agency and marking a sharp departure from the prior emphasis on climate action and fossil-fuel phaseouts, though a COP28-aligned line on the energy transition was noted.

US urges IEA to drop net-zero modeling
energy-and-climate9 days ago

US urges IEA to drop net-zero modeling

At a closed-door IEA ministerial in Paris, U.S. Energy Secretary Chris Wright urged the agency to abandon net-zero emissions scenarios, arguing such targets are unrealistic. The push drew muted pushback as European ministers stressed continued renewables expansion; Wright’s hardline rhetoric has faced rejection from several countries, and talks on the issue will continue.

US mulls leaving IEA over clash on climate policy and energy security
world10 days ago

US mulls leaving IEA over clash on climate policy and energy security

U.S. Energy Secretary Chris Wright threatened to pull the United States from the International Energy Agency unless it drops its climate-focused energy-transition agenda and focuses on energy security, calling net-zero scenarios “ridiculous” and accusing the agency of acting as a climate advocacy group; the stance signals a continuing clash with the Trump administration’s fossil-fuel policy ahead of an IEA ministerial in Paris.

Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside
energy29 days ago

Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside

Oil prices rose to about $70 Brent on heightened Iran-related risk, while Standard Chartered argues the bearish glut narrative is fading as 2026 demand forecasts are revised higher; the IEA projects modest growth for 2026, U.S. shale growth may slow on weak prices, and gas markets rally on Arctic weather with LNG capacity expansion looming.

IEA Predicts Continued Oil Demand Growth Until 2050 Amid Renewable Supply Boom
world3 months ago

IEA Predicts Continued Oil Demand Growth Until 2050 Amid Renewable Supply Boom

The International Energy Agency predicts that global oil and gas demand could continue to grow until 2050 under current policies, with no peak expected before then, and warns that the world is unlikely to meet the 1.5°C temperature rise limit without significant technological advancements. Despite recent shifts towards clean energy, existing policies suggest energy demand will increase, and LNG capacity is set to expand significantly, driven by rising power sector needs and data center growth.

IEA: Fossil fuel demand may peak before 2030, but could extend to 2050 with policy changes
world3 months ago

IEA: Fossil fuel demand may peak before 2030, but could extend to 2050 with policy changes

The IEA's latest outlook indicates that global fossil fuel use is expected to peak before 2030 under current policies, with coal near or at peak, oil around 2030, and gas by 2035, while renewable energy sources like solar and wind continue to grow rapidly. However, if policies are abandoned, global warming could reach 2.9°C by 2100, highlighting the importance of policy commitments for climate mitigation.

Global Renewable Power Growth Forecasts Diminished Amid US and China Policy Shifts
energy4 months ago

Global Renewable Power Growth Forecasts Diminished Amid US and China Policy Shifts

The IEA has lowered its forecast for global renewable power capacity growth by 2030 to 4,600GW, citing weaker outlooks in the US and China due to policy changes and economic factors, which may hinder the global goal of tripling renewable energy use by 2030. However, growth prospects remain positive in India, the Middle East, North Africa, and parts of Europe, with solar power leading the expansion.

Global Oil Market Faces Uncertainty Despite Surplus and Shifting Demand
energy8 months ago

Global Oil Market Faces Uncertainty Despite Surplus and Shifting Demand

The International Energy Agency predicts that global oil supplies will significantly exceed demand in 2025, leading to increased inventories, despite geopolitical tensions in the Middle East. Supply growth is driven by Opec+ and non-Opec+ producers, while demand growth is restrained by weak consumption in China and the US. The IEA also forecasts that oil supply will continue to outpace demand through 2030, with China's demand peaking around 2027.

IEA: Tripling Renewable Energy by 2030 is Achievable but Needs Clear Targets
renewable-energy1 year ago

IEA: Tripling Renewable Energy by 2030 is Achievable but Needs Clear Targets

The International Energy Agency (IEA) reports that global renewable energy capacity additions surged by 64% in 2023, with China leading the way. Despite this progress, only 14 out of 194 countries have set explicit 2030 renewable capacity targets in their Nationally Determined Contributions (NDCs) under the Paris Agreement. The IEA's analysis suggests that if countries include all existing policies and plans in their updated NDCs, they could achieve 70% of the goal to triple global renewable capacity by 2030. Key challenges remain, including project permit delays and inadequate grid infrastructure investment.

"Rising Oil Prices Signal Tightening Market Amid Bullish Sentiment"
energy-markets1 year ago

"Rising Oil Prices Signal Tightening Market Amid Bullish Sentiment"

Crude oil prices continue to rise in Asian trade, driven by supply concerns and bullish sentiment following an IEA report forecasting a swing into deficit and higher demand growth. Ukrainian drone attacks on Russian refineries have added a risk premium to crude prices, while geopolitical tensions between Israel and Hamas further contribute to market uncertainty. Traders are also keeping an eye on the upcoming Fed meeting and the start of CERAWeek in Houston.