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IEA Reports Says Russia’s Oil Revenues Are Dwindling Due To Sanctions

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The International Energy Agency (IEA) has said that Russian revenues from oil fell in February as exports declined after the EU embargo on oil...

Global CO2 Emissions Would Grow Less Than 1% In 2022 –...

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The International Energy Agency has made  a forecast that fossil fuel combustion will grow by less than 1% in 2022, supported by a...
Pre-Pandemic Oil Price Demand Not Attainable in 2021 – Yergin

Pre-Pandemic Oil Price Demand Not Attainable in 2021 – Yergin

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Despite the gains stirred up by the news of coronavirus vaccines, the global oil demand will take another year or so to return to...
Electricity Grid Collapses 27 Times in Three Years

COVID-19: Electricity Sector to Play Key Role in Economic Recovery

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The International Energy Agency (IEA) has reiterated the critical position electricity occupies in the attainment of sustainable economic recovery from the covid-19 onslaught on...
G20 Energy Ministers Strive for Sustainable Development and Market Stability

G20 Energy Ministers Strive for Sustainable Development and Market Stability

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HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to...
IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery

IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery

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The Paris-based International Energy Agency (IEA) has slashed its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second...
IEA, OPEC Cite Caution About Global Oil Market, Post Covid19 Recovery

US-China Trade War Lowers Global Oil Demand

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The International Energy Agency has said that the noticeable economic slowdown and a ratcheting up of the U.S.-China trade war have caused global...

Oil turns lower as weaker demand outlook weighs

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Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for...

Era of cheap oil coming to an end- IEA

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The era of cheap oil may soon come to an end, if the prediction of the International Energy Agency, IEA, is anything to go...