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The Latest Breaking News from IEA

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

Liverpool Echo

Motorists could face Sunday driving ban and 64mph motorway speed limit to save fuel

Working from home three days a week, cheaper public transport and more car sharing could also be options to cut fuel consumption.

Daily Record

Calls to ban Sunday driving and cut motorway speed limit to 64mph to tackle oil crisis

It comes ahead of the Chancellor’s Spring Statement in which fuel duty - a tax paid on petrol and diesel prices – is tipped to be cut by 5p-a-litre, reducing it from 57.95p to 52.95p on every litre

Daily Mirror

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Top News In Fintech And Beyond For March 22, 2022

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Benzinga

After Ukraine, how will the world replace Russia’s oil products?

A report from the International Energy Agency makes clear that viable alternatives are limited

The Guardian - UK

Car-free Sundays? IEA sets out 10-point plan to reduce global oil demand

Energy watchdog says measures could help cut oil usage by 2.7m barrels a day within four months

The Guardian - UK

IEA urges 'emergency measures' to cut oil use as Ukraine war threatens supply

The International Energy Agency (IEA) has called on governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine.

Radio France Internationale

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Investors snap up stake in world’s largest offshore wind farm as IEA warns of looming oil ‘crisis’

Investors have snapped up a stake in the world’s biggest offshore wind farm near Yorkshire amid a race by the West to shift away from reliance on Russian oil and gas.

Evening Standard

Oil Surges 7% Amid Warnings of Russian Supply Shortages

Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month and despite the US Federal Reserve's decision to raise interest rates. The supply loss would be far greater…

Asharq Al-Awsat

Silicon Ranch Picks IEA To Construct 70 MW Regenerative Solar Project In Georgia

Infrastructure & Energy Alternatives Inc (NASDAQ:IEA) has secured a contract from Silicon Ranch Corporation to construct the Cedar Springs Solar Ranch in Early County, Georgia. Financial terms not disclosed. The 70-megawatt solar project will provide power to Green Power EMC, the renewable energy supplier for 38 Georgia electric cooperatives. Nashville, Tennessee-based Silicon Ranch…

Benzinga

IEA: 3 Mln bpd of Russian Oil Could Be Shut in Next Month

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency said on Wednesday, as sanctions bite and buyers hold off. "Of the cutback, we see a reduction…

Asharq Al-Awsat

Could energy independence from Russia spur a shift to renewables?

European energy experts and the ECB say such a transition will involve higher energy costs and some hardship.

Al Jazeera

Phasing out Russian oil: how UK consumers can help the war effort

Slower driving and shorter showers could help Britain wean itself off Russian resources

The Guardian - UK

International Energy Agency To Draw Up Plan To Cut Oil Usage As Prices Surge: Reuters

The International Energy Agency (IEA) head says they could plan to release more oil from stocks to ease surging fuel prices and would draw up an action plan to reduce oil usage swiftly, reported Reuters. After Russia invaded Ukraine, oil prices spiked higher, and the West toughened sanctions on Moscow, stirring fears…

Benzinga

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Tribune News Service

Carbon dioxide emissions skyrocketed in 2021 by 36.3 billion metric tons, highest increase in human history

A mainly coal-fueled, post-lockdown economic recovery boosted carbon dioxide emissions by 6% in 2021, the highest increase ever recorded in human history, according to a new report.

Wales Online

Households urged to turn down thermostats by 1°C to help defeat Russia

Move would help reduce Vladmiri Putin's dominance in the market

Daily Mirror

Turn down your thermostat by 1°C to reduce need for Russian gas, urges regulator

While Britain only gets around 4% of its gas from Russia, Europe is heavily reliant on the country’s supplies, with Germany and Austria claiming more than 50% of it from the nation

Daily Mirror

British families to turn down the heating by 1C to cut reliance on Russian gas

The International Energy Agency has announced a new plan which could reduce the European Union's Russian gas imports by more than a third in the coming year

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The Independent UK

Ten point plan to reduce Europe’s reliance on Russian natural gas

Energy body says EU should not sign any new gas contracts with Russia

The Guardian - UK

Turn down heating by 1C to reduce need for Russian imports, Europeans told

IEA says reducing temperature could help wean consumers off fuel that Russia is using as a weapon in Ukraine war

The Times of India

IEA members move to build cushion against oil price shock

NEW DELHI: Member countries of the International Energy Agency (IEA), including India, late on Tuesday agreed to release 60 million barrels of oil from their emergency stockpiles as a message to the global oil markets that there will be no shortfall in supplies as a result of the conflict between…

Axios

IEA countries agree to release 60 million barrels of oil after Russia's Ukraine invasion

Oil prices have recently surged to over $100 a barrel in response to the war.

The Independent UK

Nations agree to release 60 million barrels of oil amid war

The International Energy Agency says all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine

The Guardian - AU

Scott Morrison dismisses fuel excise cuts amid ‘temporary’ petrol price hikes

Russia’s invasion of Ukraine prompts energy security concerns with Australia still well short of emergency stockpile obligations

The Guardian - UK

Oil and gas facilities could profit from plugging methane leaks, IEA says

International Energy Agency reports nearly all the industry’s methane emissions could be avoided at no net cost

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