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The Latest Breaking News from IEA

Crude Oil Closes Lower Ahead of Trump-Putin Summit

September WTI crude oil (CLU25 ) on Friday closed down -1.16 (-1.81%), and September RBOB gasoline (RBU25 ) closed down -0.00329 (-1.56%). Crude oil prices during Friday's futures session were on the defensive ahead of the afternoon Trump-Putin summit, which began after the futures markets settled. Before the summit, President...

Crude Oil Lower Ahead of Today's Trump-Putin Summit

Crude Oil Lower Ahead of Today's Trump-Putin Summit

September WTI crude oil (CLU25 ) is down -0.71 (-1.11%), and September RBOB gasoline (RBU25 ) is down -0.0244 (-1.16%). Crude oil prices are on the defensive ahead of today's Trump-Putin summit, which will reportedly begin at around 3 pm ET, according to Reuters, after the US oil futures market...

Crude Oil Rallies Ahead of Friday's Trump-Putin Summit

Crude Oil Rallies Ahead of Friday's Trump-Putin Summit

September WTI crude oil (CLU25 ) today is up +1.07 (+1.71%), and September RBOB gasoline (RBU25 ) is up +0.0377 (+1.82%). Crude oil prices today are sharply higher on some short-covering ahead of Friday's Trump-Putin summit. President Trump has said he will proceed with high tariffs on countries that buy...

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Crude Oil Falls on Bearish Weekly Inventory Report and IEA Oil Surplus Forecast

September WTI crude oil (CLU25) on Wednesday closed down -0.52 (-0.82%), and September RBOB gasoline (RBU25) closed down -0.0040 (-0.19%). Crude oil prices on Wednesday fell due to a bearish weekly EIA crude inventory report of +3.0 million bbls and a bearish oil surplus forecast by the International Energy Agency....

Crude Oil Falls on Bearish EIA Inventory Report and IEA Oil Surplus Forecast

September WTI crude oil (CLU25 ) today is down -1.15 (-1.82%), and September RBOB gasoline (RBU25 ) is down -0.0266 (-1.29%). Crude oil prices are sharply lower today on a bearish weekly EIA crude inventory report of +3.0 million bbls and a bearish oil surplus forecast by the International Energy...

Rising Heat, AI Boom, and an Aging Grid Could Keep Your Power Bill Climbing

Soaring summer heat, an explosion of AI data centers, a crumbling electrical grid, and a shrinking pool of skilled workers are all driving up electric...

What can Northvolt’s failure teach us about Europe’s competitive future?

How a company founded by two former Tesla executives managed to fail despite such a massive amount of capital will be a case study for business schools for years to come.

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The Baltics scored a key European victory on energy security that can inspire others

The Baltics scored a key European victory on energy security that can inspire others

Through smart policymaking, courage and collaboration, the Baltic states can serve as an inspiration to many countries around the world, the IEA executive director and the energy ministers of the three Baltic states write in an Euronews exclusive.

How do air conditioners work, and what is the effect on the environment?

How do air conditioners work, and what is the effect on the environment?

As record heatwaves boost demand for cooling, air conditioning becomes vital – but with a steep environmental cost.

Cleaner cooking could save 4.7 million lives in Africa by 2040, IEA says

Cleaner cooking could save 4.7 million lives in Africa by 2040, IEA says

Getting homes in Africa to stop burning wood, charcoal or dung to feed fires for cooking and use liquefied petroleum gas (LPG), bioethanol and biogas could prevent 4.7 million premature deaths between now and 2040, according to a report published on Friday by the International Energy Agency (IEA).

Radio France Internationale

Russia becomes first country to recognise Afghanistan’s Taliban regime. Will China follow?

Russia becomes first country to recognise Afghanistan’s Taliban regime. Will China follow?

Experts monitoring the Taliban’s new diplomacy push in Asia say China could follow suit, paving the way for wider recognition of the militant group and ending its pariah status on the world stage. Arpan Rai reports

The Independent UK

France’s Verkor calls for 'local for local' after Northvolt collapse

France’s Verkor calls for 'local for local' after Northvolt collapse

The EV battery firm, backed by Renault and other major investors, warns that support for European firms must remain steadfast — despite the collapse of Sweden’s Northvolt.

Europe's Lithium Quest Hampered By China And Lack Of Cash

Europe's Lithium Quest Hampered By China And Lack Of Cash

Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America.

International Business Times

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.

The Conversation

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Australia could become the world’s first net-zero exporter of fossil fuels – here’s how

Australia is among the world’s top three exporters of LNG and second-largest exporter of coal. When burned overseas, these exports result in 1.1 billion tonnes of carbon dioxide emissions a year – almost three times Australia’s domestic emissions.

International Business Times

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

Air conditioning is 'exacerbating the climate crisis' but how many Europeans use it?

Cooling machines are part of a vicious heating cycle.

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The Independent UK

Death, violence and endless delay: Inside Africa’s most troubled energy project

IN FOCUS: Africa’s largest natural gas project was expected to drive Mozambique’s economy to new heights. The reality has been far different, writes Nick Ferris

Tech giants see emissions surge 150 percent in 3 years amid AI boom: UN

Artificial intelligence, cloud computing and data centres led to a spike in electricity demand between 2020 and 2023.

EV Batteries Got 20% Cheaper Last Year

The good news: Cheaper batteries mean cheaper EVs, according to a new study from the International Energy Agency. The bad news: China is still moving faster.

The Guardian - UK

AI could account for nearly half of datacentre power usage ‘by end of year’

Analysis comes as energy agency predicts systems will need as much energy by end of decade as Japan uses today

The Independent UK

Global clean energy goals at risk as China tightens grip on key minerals, IEA warns

Asian giant controls over half of world's refining capacity for lithium, cobalt and rare earths

The Independent UK

Report: World's supply of critical minerals for clean energy is concentrated in fewer countries

The world’s supplies of critical minerals are increasingly concentrated in just a few countries - most notably China - and subject to export restrictions that could painfully crimp industry and the shifter to greener ways of making things based on electricity instead of fossil fuels

The Guardian - UK

Demand for copper to dramatically outstrip supply within decade

International Energy Agency says it is ‘time to sound alarm’ over future shortages of metal needed for low-carbon transition

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