Restrictions on Russia’s oil trade are raising the stakes in a protracted economic standoff that is reshaping the global energy market.
Tag: International Energy Agency
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.
Carbon Dioxide Emissions Increased in 2022 as Crises Roiled Energy Markets
Global emissions from fossil fuels are likely to reach record highs this year, new data shows, putting nations further off track from stopping global warming.
Your Friday Briefing: The U.S. Economy Grew, Slowly
Plus the war in Ukraine may boost clean energy and investigations into Chinese outposts overseas.
War in Ukraine Likely to Speed, Not Slow, Shift to Clean Energy, I.E.A. Says
While some nations are burning more coal this year in response to natural-gas shortages spurred by Russia’s invasion of Ukraine, that effect is expected to be short-lived.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Internation Energy Agency Says Nations Should Conserve Fuel as Global Energy Crisis Looms
The International Energy Agency said countries should encourage use of mass transit and car pooling, among other things. That could also help the climate crisis.
OPEC and Allies Agree to Raise Oil Output Amid Lagging Production
The group called OPEC Plus decided to increase oil output by 400,000 barrels a day, but its members have lately been falling short of production quotas.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce energy prices, the U.S. will release 50 million barrels of crude. Five other nations also will dip into stockpiles.