A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check.
Tag: International Energy Agency
Oil Prices Fall After Israel Reportedly Says It Won’t Target Iran’s Nuclear or Oil Facilities
Brent crude, the international benchmark, was trading at below $74 a barrel on Tuesday, a drop from the $80 range.
Kuwait Turns to Power Cuts as Climate Change Strains Its Grid
The Persian Gulf nation has instituted rolling blackouts to cope with surging summer electricity demand, stirring frustration among citizens.
Driven by China, Coal Plants Made a Comeback in 2023
The country, along with India, is still building power stations that run on coal. Elsewhere, retirements of older plants have slowed.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
I.E.A. Sees Oil, Gas and Coal Demand Peaking By 2030
The prediction, which has stirred controversy among oil producers, is a sign of a sweeping transformation in the global energy landscape.
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
How Russia Is Surviving the Tightening Grip on Its Oil Revenue
Restrictions on Russia’s oil trade are raising the stakes in a protracted economic standoff that is reshaping the global energy market.
China’s Oil and Gas Use Fell in 2022 for First Time in Decades
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
Renewables Will Overtake Coal by Early 2025, Energy Agency Says
In a new report, the international group said that solar, wind and other renewable sources will expand much more swiftly than forecast last year.