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The Latest Breaking News from IEA

Oil Rises from 3-week Low as Tight Supply Concerns Linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent crude futures climbed $1.48 or 1.5%, to $102.55 a barrel at 0442 GMT,…

Asharq Al-Awsat

Dow Jones Futures Rise After Federal Reserve Fears Strain Market Rally; Tesla, Nvidia Make Key Moves

Fed fears hit the market rally for a second day, especially techs. Tesla, Nvidia and Apple had key chart moves.

Investors Business Daily

Woodside's controversial Scarborough LNG project gets final approval amid climate warnings

Final government approvals are granted for Woodside's controversial Scarborough LNG project off WA's north west coast, just days after a major report warns of the catastrophic dangers of fossil fuel emissions.

ABC News

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Vitol: Oil Prices Don’t Reflect Risk of Disruptions to Russian Exports

Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader. While Brent surged to almost $140 a barrel soon after Russia’s attack on Ukraine…

Asharq Al-Awsat

Oil Climbs on Supply Concerns as Iran Talks Stall

Oil prices gained about $1 on Monday as worries over tight supplies persisted after Germany warned of more sanctions on Russia and talks to revive the Iran nuclear deal paused. Brent crude futures were up 94 cents, or 0.9%, at $105.33 a barrel by 0728 GMT while US West Texas…

Asharq Al-Awsat

Will Biden's plan to tap US oil reserves reduce gasoline prices?

New York (AFP) - Citing the need to counteract the "Putin price hike" following Russia's invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles.

AFP

Stocks wobble as solid US jobs data points to rate hike

London (AFP) - Stock markets wavered on Friday as a solid US jobs report raised expectations of an aggressive US interest rate hike to tame runaway inflation.

AFP

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Morning Brief: Top Stories Dominating Financial Media on Friday, April 1

Reuters IEA Holds Emergency Meeting To Tackle Soaring Oil Prices

Benzinga

IEA Holds Emergency Meeting To Tackle Soaring Oil Prices: Reuters

The International Energy Agency (IEA) is set to hold an emergency meeting Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices,

Benzinga

IEA states agree on coordinated oil release but not volumes

U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of Ukraine, the International Energy Agency said on Friday, without specifying volumes.

Reuters

OPEC Holds Special Meeting to Ditch IEA Data

OPEC on Thursday held a brief extraordinary meeting to ditch the International Energy Agency from its list of trusted data contributors, an OPEC source said on Thursday. The meeting followed a regular policy decision meeting. Earlier this week, OPEC experts recommended ditching the IEA and choosing consultancies Rystad and Wood…

Asharq Al-Awsat

Biden Administration Mulls Releasing 180M Barrels Of Oil From Strategic Petroleum Reserve: Reuters

As the White House tries to lower fuel prices, the Biden administration considers releasing up to 180 million barrels of oil over s

Benzinga

Carbon neutral quest

Setting net-zero targets has moved higher on many Asian corporate agendas.

Bangkok Post

The Airline Industry Antes Up In The Fight Against Climate Change

Propelled by biofuels and European regulations, aviation technology is on a flight path toward greener energy options.

Investors Business Daily

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ABC News

Household appliance energy efficiency programs cut power bills and emissions — but they are out of date

Some of Australia's energy standards for household appliances are out of date or missing completely. Updating them could save households money and massively reduce emissions over time.

The Independent UK

Nations 'united' in seeking to cut Russian oil, gas imports

Dozens of nations, including the United States and much of Europe, say they're united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

Nottingham Post

Ban on Sunday driving, car sharing and speed limit cut among 10-point plan to tackle oil crisis

"The world may well be facing its biggest oil supply shock in decades"

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Chronicle Live

E-scooter use up nine per cent across Newcastle and Sunderland as fuel prices reach all-time high

Provider Neuron expects more riders to consider affordable alternative forms of transport such as e-scooters in their daily commutes to avoid the cost of filling up their cars.

Chronicle Live

Proposals to ban Sunday driving and cut motorway speed to 64mph limit to save oil

The International Energy Agency, who advise the UK Government, has a 10 point plan for reducing our reliance on oil amid high fuel and petrol prices

Leeds Live

Cars could be banned on Sundays and speed limits slashed as oil crisis continues

The plan is aimed to limit the UK's reliance on Russian oil as invasion of Ukraine continues

Irish Mirror

Lower speed limits and no driving on Sundays proposed to save oil as Ireland and global prices soar

In the face of the emerging global energy crisis, the IEA’s 10-Point Plan to Cut Oil Use proposes 10 actions that can be taken to reduce oil demand

Manchester Evening News

Calls to lower motorway speed limit to 64mph and ban people from driving in cities on Sundays

An international body has called for the controversial measures to reduce oil reliance

Nottingham Post

Calls for ban on Sunday driving and new motorway limit to tackle oil crisis

The world is facing its biggest oil supply shock in decades

Liverpool Echo

Oil crisis plan could see Sunday driving banned and motorway speed limit cut to 64mph

It comes ahead of the Chancellor’s Spring Statement in which fuel duty is tipped to be cut by 5p a litre

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