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The Latest Breaking News from IEA

The oil industry has succumbed to a dangerous new climate denialism

If we have not been warned of the dangers of climate change this summer, we never will be. Extreme heat, forest fires and floods have been all over news reports. Yet the oil and gas industry remains largely in denial.

The Conversation

IEA Says Coal Use Hit An All-Time High Last Year Amid Global Demand

10,440 terawatt hours were generated from coal in 2022, a figure that accounted for 36% of the planet’s electricity generation.

Zenger

Parents, teachers must forget politics, embrace partnership for good of students

Kathi Griffin, the Illinois Education Association president, talks about resetting communication in the new school year to try to take politics out of education.

Chicago Sun-Times

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Which Energy Stock Should You Buy, Hold or Sell: Schlumberger (SLB) or Geospace Technologies (GEOS)

Strong energy demand as China’s economy is rebounding and people planning vacation travel during summers coupled with tight supplies could push energy prices higher this year, benefitting energy producers and businesses serving them. So, let’s determine if investors should buy, hold, or sell energy stocks Schlumberger (SLB) and Geospace Technologies…

StockNews.com

‘No robust evidence’ to support a ban on alcohol advertising, report reveals

There is “no robust evidence” in favour of a ban on alcohol advertising, a report has insisted.

The National (Scotland)

Banning alcohol ads would have little impact on consumption, think tank says

The Institute of Economic Affairs said restrictions ‘would certainly not be an evidence-based policy’.

The Independent UK

New North Sea oil and gasfields will emit as much carbon as 14m cars, report says

Licences UK has approved in last two years will result in carbon dioxide matching annual emissions of Denmark, Greenpeace finds

The Guardian - UK

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India sets sights on home-mined minerals to boost its clean energy plans

Indian officials, including at Wednesday’s Group of Twenty ministerial talks on clean energy, want the country to expand its critical mineral mining operations and make its own clean energy infrastructure from start to finish

The Independent UK

4 Sizzling Coal Stocks to Buy Mid-July

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

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

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The Guardian - UK

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

Fortune

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.

Evening Standard

‘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

Bangkok Post

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.

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WEKU

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.

StockNews.com

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…

Radio France Internationale

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

France 24

‘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…

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

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