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The Latest Breaking News from IEA

Despite the global shift toward cleaner and more sustainable energy sources, the robust demand for coal in emerging economies is expected to keep the industry in a favorable position. Therefore, four sizzling coal stocks, China Shenhua Energy Company (CSUAY), CONSOL Energy (CEIX), SunCoke Energy (SXC), and Hallador Energy (HNRG), could…

StockNews.com

Will the drive for EVs destroy Earth's last untouched ecosystem?

In the hunt for minerals needed in electric car batteries, some companies are turning to the deep sea. But mining this ecosystem could threaten its very existence.

LiveScience

Crude Falls on a Stronger Dollar and Technical Selling

August WTI crude oil (CLQ23 ) on Friday closed down -1.47 (-1.91%), and Aug RBOB gasoline (RBQ23 ) closed down -3.49 (-1.30%). Crude oil and gasoline prices Friday posted moderate losses. Crude oil prices were undercut as the dollar index recovered from a 15-month low and moved higher. Also, technical...

Barchart

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Crude Prices Slip on Dollar Strength and Technical Selling

August WTI crude oil (CLQ23 ) this morning is down -1.15 (-1.50%), and Aug RBOB gasoline (RBQ23 ) is down -2.13 (-0.280). Crude oil and gasoline prices this morning are moderately lower. A reversal in the dollar today weighed on energy prices after the dollar index (DXY00 ) recovered from...

Barchart

Crude Pushes Higher on Concern About Tighter Global Oil Supplies

August WTI crude oil (CLQ23 ) Thursday closed up +1.14 (+1.50%), and Aug RBOB gasoline (RBQ23 ) closed up +1.16 (+0.43%). Crude oil and gasoline prices Thursday added to this week's gains, with crude posting a 2-1/2 month nearest-futures high and gasoline posting a 3-week high. The action by Libya...

Barchart

Crude Gains on Dollar Weakness and Stronger Chinese Demand

August WTI crude oil (CLQ23 ) this morning is up +0.44 (+0.58%), and Aug RBOB gasoline (RBQ23 ) is up +0.11 (+0.04%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 2-1/2 month nearest-futures high and gasoline posting a 3-week high. The selloff in the...

Barchart

Economic ‘headwinds’ lead IEA to cut global oil demand forecast

International Energy Agency still expects a record high this year, but for growth to be lower than thought

The Guardian - UK

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We can’t defeat climate change by investing in a handful of countries. The world needs to come together at COP28–and fund a just energy transition

Investors are too focused on a handful of large economies, warn the UAE's climate envoy and the executive director of the IEA.

Fortune

‘Share the Parthenon marbles’, mayor Sadiq Khan tells the British Museum

‘There’s a discussion to share some of this stuff’ Khan told a Greek newspaper

Evening Standard

Carbon 'capture' tech is booming, and confusing

PARIs: Humanity's failure to draw down planet-heating carbon dioxide emissions — 41 billion tonnes in 2022 — has thrust once-marginal options for capping or reducing CO2 in the atmosphere to centre stage in climate policy and investment.

Bangkok Post

Republican attacks on ESG aren't stopping companies in red states from going green

Conservatives attack financial firms that consider environmental, social and corporate governance issues. But companies in red states won't stop trying to operate more sustainably.

WEKU

3 Drilling Stocks to Buy in June 2023

With the upsurge in oil and gas production and increased upstream investments, the outlook for the energy drilling sector appears bright. Therefore, it could be wise to invest in robust energy drilling stocks Patterson-UTI Energy (PTEN), Precision Drilling (PDS), and Superior Drilling (SDPI) this month to capitalize on the sector’s…

StockNews.com

Developing countries need €2 trillion for clean energies to meet climate goals- IEA

The International Energy Agency (IEA) has said that financing for clean energy in developing and emerging economies – excluding China – must increase seven-fold within a decade if global warming is to be capped at tolerable levels

Radio France Internationale

‘Gateway to Hell’: Turkmenistan urged to plug gas leaks driving climate change

Home to the Darvaza Crater, a massive molten pit that has spewed flames and noxious gases for decades, Turkmenistan has the world’s worst record when it comes to climate-heating methane leaks. As it pledges to plug the smouldering crater, the reclusive central Asian nation is under pressure to fix its…

France 24

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The Week

Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Hindu

India, China bought 80% of Russia's oil in May: International Energy Agency

India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings to 2.2 million barrels per day. With Europe banning import and G7 imposing shipping restrictions on Russian oil, more than 90% of the product is now headed to Asia, with…

The Guardian - UK

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Independent UK

The green energy revolution: how semiconductors are driving decarbonisation

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The Guardian - UK

Fact check: why Rowan Atkinson is wrong about electric vehicles

Last week we ran a piece by Rowan Atkinson casting doubt on the environmental benefits of electric vehicles. Here Simon Evans of Carbon Brief offers his response

The Independent UK

Leaders gather in Paris to accelerate wringing more out of every ounce of fuel

As 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock

Al Jazeera

Visualising the growth of the electric car industry

Every three in 20 cars sold worldwide in 2022 were electric, with more than half of them sold in China alone.

Bangkok Post

Fossil fuelled: Climate talks begin with spotlight on oil chief

PARIS: The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.

The Independent UK

Renewable energy surges, driven by solar boom and high fuel prices, report finds

The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power

Radio France Internationale

Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

The Independent UK

Asking us to keep food prices down won’t work, retailers warn Rishi Sunak

British Retail Consortium rejects No.10 plans for voluntary price caps

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