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The Latest Breaking News from IEA

We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns

Supply will outstrip demand, and the spare capacity will be unlike ever "seen before other than at the height of the Covid-19 lockdowns in 2020,” IEA said.

Fortune

Fill ‘er up! Oil countries predict an oversupply of gasoline by 2030 – driving down prices at US pumps

It comes as gas prices begin to decline once again across the US, bringing relief to drivers paying a little less to fill up their tanks

The Independent UK

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

The Conversation

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World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

Ivory Coast Bets On Solar In Clean Energy Drive

The sun beats down from a cloudless sky on the town of Boundiali, where Ivory Coast's first solar power plant embodies the drive to embrace clean energy without abandoning fossil fuels.

International Business Times

Solar Investment Outstrips All Other Power Forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

International Business Times

Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals

The Guardian - UK

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Tripling clean electricity by 2030 achievable: International Energy Agency

The IEA says countries’ domestic ambitions achieve 70 percent of the goal, but experts warn goals are hard to achieve.

Al Jazeera

World will miss target of tripling renewable electricity generation by 2030 – IEA

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The Guardian - UK

‘Yes, Lego car!’: why small electric cars could be about to break the grip of SUVs

The 500kg Microlino is part of a new set challenging the ever-increasing domination of huge cars

The Guardian - UK

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

The Conversation

Can heat pumps be installed in older properties?

Critics claim the technology is best suited to newbuilds – but studies reveal success with retrofits and in poorly insulated homes

The Guardian - UK

Nine Out of Ten Cars Sold in China Will Be NEVs by 2035, Report Says

Global sales expected to pass 70 million by 2035, although concerns raised over slowing momentum

Caixin Global

No need for countries to issue new oil, gas or coal licences, study finds

Researchers say world has enough fossil fuel projects planned to meet demand forecasts to 2050 if net zero is reached

The Guardian - UK

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The Guardian - UK

The Invisible Doctrine by George Monbiot and Peter Hutchison review – neoliberalism’s ascent

An incisive analysis of how the controversial ideology has permeated modern life

The Guardian - UK

Global sales of polluting SUVs hit record high in 2023, data shows

Half of all new cars are now SUVs, making them a major cause of the intensifying climate crisis, say experts

Salon

The link between cooking and climate

"The lack of access to these "clean cooking" technologies is responsible for 3.7 million premature deaths annually"

The Independent UK

At international energy conference, delegates push to make clean cooking accessible to all

Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency

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Crikey

Dutton’s nuclear would spike electricity bills when (if) they start in the 2040s

Odd that Peter Dutton hasn’t mentioned the commencement of the latest nuclear reactor in the US — or the big price hike it has caused consumers.

Radio France Internationale

Why extinguishing Africa's dirty cooking fuel crisis is a global priority

The scourge of dirty cooking fuels in Africa – an invisible killer for half a million women and children each year – stirred up pledges of €2.2 billion in Paris this week as oil and gas companies joined efforts to bring about access to healthy cooking methods by 2030.

International Business Times

IEA Warns Of Key Energy Mineral Shortage Risk

The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.

Top News

Trump Presidency Threatens IEA's Green Focus, Advisers Warn

Potential shift in US energy policy under Trump's second term and its global impact.

Barchart

Crude Prices Settle Higher as the Dollar Weakens and EIA Inventories Decline

June WTI crude oil (CLM24 ) on Wednesday closed up +0.61 (+0.78%), and June RBOB gasoline (RBM24 ) closed up +3.72 (+1.51%). Crude oil and gasoline prices rebounded Wednesday from 2-1/2 month lows and finished moderately higher. Crude prices initially moved lower after the IEA cut its 2024 global crude...

Barchart

Crude Recovers Early Losses on Dollar Weakness and a Fall in EIA Inventories

June WTI crude oil (CLM24 ) today is up +0.11 (+0.14%), and June RBOB gasoline (RBM24 ) is up +2.53 (+1.03%). Crude oil and gasoline prices rebounded from 2-1/2 month lows and are slightly higher. Crude today initially moved lower after the IEA cut its 2024 global crude demand forecast....

Al Jazeera

Energy summit seeks to curb cooking habits that kill millions every year

Harmful cooking practices result in the deaths of 3.7 million people every year with children and women most at risk.

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