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The Latest Breaking News from IEA

U.S. playing catch-up on EVs

The U.S. is behind China and Europe, per a new report.

Axios

IEA warns against energy crisis deepening fossil fuel reliance

The energy security crisis since Russia's invasion of Ukraine must not lead to a deeper dependence on fossil fuels, International Energy (IEA) chief Fatih Birol said on Monday.

Reuters

Alyn Smith calls out Question Time panellist for right-wing organisation's murky funding

SNP MP Alyn Smith called out a right-wing think tank’s “non-transparent” funding on Question Time after a representative of the group…

The National (Scotland)

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Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

The Guardian - AU

Why energy bills are increasing

Squeeze on wholesale gas prices around the world drives up household bills

The Independent UK

‘Cash, coal, cars and trees’: what progress has been made since Cop26?

Six months on, the war in Ukraine and ongoing Covid-19 pandemic have derailed some changes agreed on in Glasgow

The Guardian - UK

Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief

Fatih Birol says ‘carbon bombs’, revealed in Guardian investigation, will not solve global energy crisis

The Guardian - UK

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Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

IEA: Renewable Energy to Grow to New Record in 2022

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain…

Asharq Al-Awsat

President Biden Did Not Consult Global Energy Partners Before Its Massive Reserve Release: Reuters

The International Energy Agency members have become worried that U.S.

Benzinga

Barclays and Standard Chartered shareholder meetings disrupted by protests

Barclays chairman Nigel Higgins was repeatedly interrupted by climate change activists in the audience.

The Independent UK

Minimum alcohol pricing has cost Scots £270m, think tank claims

The Institute of Economic Affairs said the policy has had little positive impact on public health.

The Independent UK

Minimum alcohol pricing in Scotland 'has cost drinkers £270m' since introduction

The flagship policy was introduced by the Scottish Government in May 2018 as a way of reducing the appeal of cheap high-strength drinks.

Daily Record

China’s lockdowns will help cut global oil demand, predicts IEA

Organisation lowers its oil demand forecast as Covid measures cushion impact of lost Russian flows

The Guardian - UK

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Benzinga

IEA Marginally Cuts Global Oil Demand Forecast On Mired Outlook Due To China COVID-19 Lockdown, Russia-Ukraine War: FT

The International Energy Agency (IEA) has lowered its global oil demand forecast amid surging coronavirus cases in China and weaker than expected demand in the U.S. and other developed countries.

Newsroom.co.nz

Air NZ rights issue sloppy and confusing

Business & Investing: NZX puts stock in trading halt after 'administrative error', while NZ and Australian sharemarkets barely moved last week

Asharq Al-Awsat

Oil Prices Settle Up 2%, Post Weekly Loss on Stockpile Releases

Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. US West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26. For the week,…

Chronicle Live

300,000 barrels of emergency diesel stored in UK by New Zealand to be released

The news follows global impact of Russia's invasion of Ukraine

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Wales Online

New Zealand releasing 300,000 barrels of emergency diesel stored in UK

International Energy Agency aims to release 120m barrels of oil stocks to offset loss of Russian supplies

The Independent UK

Nations to release millions of barrels of oil amid war

The International Energy Agency says its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine

Reuters

Japan to unveil further sanctions on Russia after coordinating with G7, PM says

Japan will unveil further sanctions against Russia for its invasion of Ukraine as early as Friday after coordinating with Group of Seven (G7) allies on further punitive steps, Prime Minister Fumio Kishida said on Thursday.

Asharq Al-Awsat

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,…

ABC News

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.

Asharq Al-Awsat

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…

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