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Discover Latest #International Energy Agency News, Articles and Videos with Contenting
1. The IEA Highlights the Benefits of Renewable Energy in its New Report The International Energy Agency (IEA) released a new report highlighting the benefits of renewable energy, including reduced air pollution, improved energy security and greater economic development. The report, titled “The Power of Transformation: Wind, Sun and the Economics of Flexible Power Systems,” found that flexible power systems can help integrate renewables into the grid and boost the share of renewables in the power mix. The IEA also highlighted the need for governments to provide reliable and consistent policy frameworks to support the deployment of renewable energy technologies. The report also noted that the cost of renewable energy is decreasing, making it increasingly competitive with traditional forms of energy.
Baystreet.ca - Oil’s Oversupply Spiral: Can Prices Stay Above $60?
The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. And the IEA isn’t alone. The world’s biggest oil traders are also ...
Baystreet.ca - Global Energy Demand Rises as Power Consumption Jumps
Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand ...
Baystreet.ca - Trade War Could Slow Down the AI Boom
Growth in the AI data center sector could slow due to a global trade war and heightened macroeconomic uncertainties, according to the International Energy Agency (IEA). In a Thursday report on AI and its expected impact on global electricity demand, ...
Baystreet.ca - IEA Sees 2025 Energy Investment Hitting $3.3 Trillion
Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also ...
Gearing up grid transition in the Philippines - BusinessWorld Online
INVESTING in the grid is investing in energy transition. The International Energy Agency (IEA) projects that a $25-trillion investment in grid upgrades will be required by 2050 to achieve our net-zero goals — equivalent to about one-quarter of the world’s annual total economic output today.
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
NEW YORK (Reuters) -Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus. Brent crude futures settled up $1.72, or 2.5%, at $70.36 a barrel. The IEA said the global oil market may be tighter than it appears, with demand supported by peak summer refinery runs to meet travel and power generation.
Oil Climbs Amid Market, Tariff, Sanction Concerns - ForexTV
WTI crude oil futures experienced a rise of 2.8%, closing at $68.40 per barrel on Friday. This increase follows a 2.5% decline from the previous day, contributing to a modest 0.6% gain for the week. Traders are currently balancing concerns over near-term supply constraints with apprehensions about a potential surplus in the longer term. Despite predictions from the International Energy Agency (IEA) that suggest a possible surplus later in the year, factors such as robust summer travel demand and heightened refinery activity are sustaining current price levels. Russia’s commitment to adjust for overproduction alongside forecasts of record Saudi crude oil exports to China in August are further fueling short-term optimism. However, the IEA's raised projections for supply growth, combined with reduced demand estimates, suggest a softer market balance later on. Additionally, OPEC expressed caution by lowering its global oil demand forecast for 2026–2029, attributing this to decelerated economic growth in China. Geopolitical risks remain a key concern, as markets anticipate possible new sanctions from the United States against Russia amid escalating tensions involving Ukraine.The material has been provided by InstaForex Company - www.instaforex.com