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The Latest Breaking News from IEA

The Coalition’s nuclear costings and their rubbery assumptions take us back to being a climate pariah

Despite a clever comms strategy, there are significant credibility issues around the assumptions on which the cost estimates are based

The Guardian - AU

Crude Closes Lower on the Outlook for a Global Crude Glut

January WTI crude oil (CLF25 ) Thursday closed down -0.27 (-0.38%), and January RBOB gasoline (RBF25 ) closed up +0.0027 (+0.14%). Crude oil and gasoline prices Thursday fell back from 2-1/2 week highs and settled mixed. Thursday's rally in the dollar index (DXY00 ) to a 2-week high weighed on...

Barchart

Crude Tumbles as the IEA Projects a Global Crude Surplus Next Year

January WTI crude oil (CLF25 ) today is down -0.92 (-1.31%), and January RBOB gasoline (RBF25 ) is down -0.0239 (-1.20%). Crude oil and gasoline prices today fell back from 2-1/2 week highs and are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-week high is...

Barchart

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3 Top-Tier Energy Stocks Primed for Massive Gains

With the highly optimistic outlook for global oil demand and current market shifts, the energy industry is booming. Amid this backdrop, investors could buy solid energy stocks like Exxon Mobil (XOM), Chevron (CVX), and EOG Resources (EOG) for significant gains. Keep reading.

StockNews.com

The great reset: Starmer pins hopes on six new policy ‘milestones’

PM announces priorities to ‘galvanise’ his premiership with pledges on better living standards, shorter NHS waiting lists, more police and 1.5 million new homes... as Bank of England warns firms will axe jobs in response to tax rises

The Independent UK

3 Energy Stocks With Low PE Ratios and High Dividends

Energy market is still robust as prices remain elevated amid geopolitical issues and steady demand. Therefore, investors could consider investing in low P/E energy stocks Enterprise Products Partners (EPD), Energy Transfer (ET), and Weatherford International (WFRD), which also offer high dividends. Read more.

StockNews.com

Almost 120 countries vowed to triple renewables by 2030 – how is it going?

At Cop28 last year they also pledged to double energy efficiency in an effort to cut the world’s reliance on fossil fuels

The Guardian - UK

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America Is In The Middle Of A Secret Battery Boom

There's a good chance that whatever device you're using to read this story runs off a battery made in China. And until very recently, that was true of a great many electric vehicles as well. That's because the U.S., Europe, Japan and other parts of the globe spent decades outsourcing…

InsideEVs

India’s need to step up solar, wind capacity addition

Another year and another climate conference is upon us, this one in Azerbaijan. It will start off on a positive note for India which recently hit the 200 GW mark in its non-fossil fuels installed capacity, or how much power it can produce from energy sources such as solar and wind. But…

Newslaundry

Reasons to be hopeful: five ways science is making the world better

If Trump’s re-election is getting you down, these innovations in medicine and technology should cheer you up

The Guardian - UK

3 Energy Stocks Poised for Strong Growth as Oil Prices Surge

Heightened tensions in the Middle East have ignited a surge in oil prices, casting a spotlight on the energy sector and amplifying its allure. Hence, fundamentally sound energy stocks Sabine Royalty (SBR), Obsidian Energy (OBE), and Energy Transfer (ET), each boasting formidable growth potential, might emerge as opportune buys for…

StockNews.com

'Waiting In Vain': Year On From Pledge, World Clings To Fossil Fuels

One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts.

International Business Times

Feds Admit Fossil Fuels Are Still the Cheapest

A Department of Energy analysis found natural gas is the cheapest residential energy source on the market.

Reason

The 'Age of Electricity' is Dawning on Wall Street, and This is the Best Stock to Buy

The IEA says the 'Age of Electricity' is here. Here in the U.S., in the 2010s, the economy expanded by 24%, yet electricity demand remained steady. That's about to change, as the energy consultancy Wood Mackenzie projects a yearly increase in electric demand from 4% to as much as 15%…

Barchart

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The Guardian - UK

Weatherwatch: Will new oilfields become stranded assets?

With electric car demand soaring, peak oil may be near – and not a moment too soon for the climate

Barchart

Nat-Gas Closes Higher on Expectations for Smaller Weekly EIA Report

November Nymex natural gas (NGX24 ) on Wednesday closed up +0.031 (+1.34%). Nov nat-gas prices Wednesday rallied on the consensus for a +66 bcf rise in Thursday's weekly IEA inventory report, which would be less than the 5-year seasonal average rise for the week of +76 bcf. Meanwhile, weather forecasts...

StockNews.com

3 Undervalued Energy Stocks Ready for a Breakout

With rising oil prices and a positive outlook from key industry organizations, the energy sector is poised for significant growth in the future. Therefore, investors would be wise to add fundamentally strong and undervalued energy stocks, Energy Transfer (ET), DNOW (DNOW), and MRC Global (MRC), to their portfolio, as these…

Al Jazeera

Southeast Asia deepening dependence on fossil fuels, report warns

ASEAN’s 10 members met the entirety of region’s rise in electricity demand last year through fossil fuels, report says.

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International Business Times

'Age Of Electricity' Coming As Fossil Fuels Set To Peak: IEA

More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

The Guardian - UK

Fossil fuels could become cheaper and more abundant, says IEA

International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

The Independent UK

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a new report by the International Energy Agency

The Guardian - UK

Oil price slides amid China slowdown and easing Middle East fears

Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth

International Business Times

EIA Expects US Natural Gas Production To Decline In 2024 Despite Soaring Demand

According to the Energy Information Administration, U.S. dry gas production is expected to decrease from last year's 103.8 billion cubic feet per day (bcfd) to 103.5 bcfd this year.

The Guardian - UK

China to head green energy boom with 60% of new projects in next six years

IEA says faster clean energy rollout led by solar power in China with country set to boast half of world’s renewables by 2030

Radio France Internationale

Norway launches world’s first commercial carbon storage vault

Norway has opened the gateway to a massive undersea vault for carbon dioxide, marking a significant step towards launching what its operator calls the first commercial service for CO2 transport and storage.

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