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The Latest Breaking News from IEA

Rich nations, China must accelerate to improve net zero targets: IEA

Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still within reach.

Radio France Internationale

Ukraine war sped the world on a path to net zero emissions: Report

Russia’s invasion has helped put the world on a path to net zero emissions of greenhouse gases by 2050, a study says.

Al Jazeera

Boost in solar energy and electric vehicle sales gives hope for climate goals, report says

Limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) is becoming harder but a narrow window remains because clean energy infrastructure has grown around the world, a new report said Tuesday

The Independent UK

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‘Staggering’ green growth gives hope for 1.5C, says global energy chief

IEA’s Fatih Birol says uptake of solar power and EVs is in line with net zero goal but rich countries must hasten their broader plans

The Guardian - UK

Paris Agreement target still alive thanks to clean energy growth, says IEA

Trillions of dollars of investment in clean power is needed this decade to accelerate its growth, the agency has set out in a new report.

The Independent UK

Tight Global Supplies Boost Crude Prices

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

Barchart

Global push for clean hydrogen foiled by costs and lack of support, report finds

IEA says firms are announcing more projects but waiting for government support before investing

The Guardian - UK

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Crude Gains After Russia Bans Gasoline and Diesel Exports

November WTI crude oil (CLX23 ) this morning is up +0.83 (+0.93%), and Nov RBOB gasoline (RBX23 ) is up +1.96 (+0.76%). Nov WTI crude oil and gasoline prices this morning shook off early losses and are moderately higher after Russia banned gasoline and diesel exports, further tightening global fuel...

Barchart

Renewables are cheaper than ever yet fossil fuel use is still growing – here’s why

Wind and solar are the world’s fastest growing energy sources and together generated 12% of global electricity in 2023. The amount of energy produced by wind and solar is expected to increase and accelerate.

The Conversation

Crude Prices Post 10-1/2 Month High on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.45 (+1.59%), and Oct RBOB gasoline (RBV23 ) is down -0.0130 (-0.48%). Oct WTI crude oil prices today climbed to a new 10-1/2 month high on the nearest-futures chart, extending the rally seen in the past three months driven by expectations...

Barchart

EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

Electric vehicle sales are growing faster than expected around the world, and, sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans.

The Conversation

40 years ago, Illinois recognized the collective bargaining rights of teachers

Republican Gov. Jim Thompson led the way for the Illinois Educational Labor Relations Act in 1983. The law requires school districts to recognize and bargain with education labor unions, the head of the Illinois Education Association writes.

Chicago Sun-Times

Are These 3 Energy Stocks Offering Attractive Buying Opportunities?

The worldwide demand for oil continues to surge to unprecedented levels. Amid such heightened demand, would it be wise to take a long position on three energy stocks ChampionX Corp (CHX), REX American Resources (REX), and Ranger Energy Services (RNGR)? Let’s find out….

StockNews.com

This 200-Year-Old Technology Could Revolutionize the Future of Heating

Heat pumps have long struggled to become commonplace in some countries.

Inverse

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The Guardian - UK

Global inflation fears as oil price rises towards $100 a barrel

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

Al Jazeera

US in ‘regular contact’ with Saudi Arabia over global oil supplies

Constant discussions aim to ensure a ‘stable and affordable supply of energy to global markets’, White House says.

StockNews.com

4 Energy Stocks to Keep Track of This Week

Despite mounting environmental concerns, the coal industry anticipates continued growth due to increasing demand. As a result, investors could monitor resilient coal stocks CONSOL Energy (CEIX), Hallador Energy (HNRG), China Shenhua Energy (CSUAY), and SunCoke Energy (SXC) for substantial returns. Read on….

The Guardian - UK

New fossil fuel projects ‘very unwise economic risk’ says global energy chief

Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’

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Barchart

Crude Prices Close Lower as Weekly EIA Inventories Unexpectedly Climb

October WTI crude oil (CLV2 3 ) on Wednesday closed down -0.32 (-0.36%), and Oct RBOB gasoline (RBV23 ) closed up +1.05 (+0.38%). Crude oil and gasoline prices on Wednesday settled mixed. Crude fell from a 10-month high Wednesday and closed lower on a bearish weekly EIA inventory report. Crude...

Barchart

Crude Prices Strengthen on the Outlook for Tighter Global Supplies

October WTI crude oil (CLV23) this morning is up +0.23 (+0.26%), and Oct RBOB gasoline (RBV23) is up +0.40 (+0.15%). Crude oil and gasoline prices this morning are modestly higher, with crude posting a nearly 10-month high. Tightness in global oil supplies is underpinning oil prices after OPEC on Tuesday...

The Guardian - UK

‘Beginning of the end’ of fossil fuel era approaching, says IEA

Forecast downturn still ‘nowhere near steep enough’ to limit temperature rise to 1.5C, says watchdog

The Conversation

How recycling could solve the shortage of minerals essential to clean energy

What do silver, silicon and gallium have in common? These expensive raw materials are essential components of our various solar energy technologies. What about neodymium, praseodymium and dysprosium? These rare earth metals are used to build the powerful magnets in wind turbines.

Al Jazeera

African leaders seek global taxes for climate change at Nairobi summit

The Nairobi Declaration represents a united front for Africa before negotiations for more funding at COP28.

The Independent UK

Government incentives and cost-conscious customers lead to electric vehicle boom in India

India is one of the fastest growing electric vehicle markets in the world, and more than 90% of India’s 2.3 million EVs are the cheaper and more popular two- or three-wheelers — that’s motorbikes, scooters and rickshaws

StockNews.com

Marathon Oil (MRO) vs. Marathon Petroleum (MPC): Which Energy Stock Has the Potential for Great Momentum in September

A pickup in demand for oil and gas and constrained supplies amid production cuts will likely push crude prices higher, driving strong investor interest in the energy sector. Thus, energy stocks Marathon Oil (MRO) and Marathon Petroleum (MPC) are well-placed to gain robust momentum in the near term. But which…

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