Wednesday, Dec 07, 2022

International Energy Agency


Russian oil supply drop to double in May: IEA

April 13, 2022 2:47 pm

The Russian shut-in is proceeding more slowly than the IEA had predicted last month when it saw the 3 million bpd loss taking effect from April.

IEA releases extra oil to calm prices: India backs decision

April 08, 2022 1:34 am

India had in November announced that it would release 5 million barrels from the strategic reserve as part of a coordinated effort with other crude oil importing countries to stabilise the price of crude oil.

Fossil fuel use could peak in just a few years. Still, major challenges loom.

October 13, 2021 5:11 pm

The International Energy Agency now projects that humanity’s emissions of carbon dioxide will reach a peak by the mid-2020s and then drop slowly in the decades thereafter.

India to overtake EU as world's third largest energy consumer by 2030: IEA

February 09, 2021 5:32 pm

India at present is the fourth-largest global energy consumer behind China, the United States and the European Union.

Explained: How Covid-19 lockdowns have impacted the global energy sector

May 02, 2020 10:21 am

Coronavirus (COVID-19): India has seen a reduction in its energy demands by over 30 per cent as a result of the nation-wide lockdown.

India's oil demand growth to overtake China by mid-2020s: IEA

January 10, 2020 6:59 pm

IEA projected India's oil demand to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017. China's demand growth is likely to be slightly lower than that of India by the mid-2020s.

India to top US as 2nd-largest carbon spewer from power: International Energy Agency

November 13, 2018 12:36 pm

Carbon dioxide emissions from India’s power sector are expected to rise nearly 80 per cent by 2040 as power use almost triples, driven in part by air conditioning, the Paris-based IEA said in the report released Tuesday.

Crude tumbles below $62 as IEA predicts bleak future

December 13, 2014 3:31 am

The IEA slashed its outlook for global oil demand growth for 2015 by 230,000 barrels per day to 900,000 bpd.

Brent crude slips below $97 a barrel; may help govt bridge twin deficits

September 13, 2014 10:33 am

Union Budget had allocated Rs 63,427 crore as fuel subsidy in 2014-15. But over the last two months.