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The Latest Breaking News from IEA

Norway launches world’s first commercial carbon storage vault

Norway has opened the gateway to a massive undersea vault for carbon dioxide, marking a significant step towards launching what its operator calls the first commercial service for CO2 transport and storage.

Radio France Internationale

Transformation of global energy sector to meet COP28 goals ‘feasible’: IEA

Meeting renewable energy and efficiency targets requires a huge push to boost storage capacity and grid connections.

Al Jazeera

EU chief announces €35bn energy loan for Ukraine as war with Russia drags on

European Commission President Ursula von der Leyen on Friday announced plans for Brussels to lend Ukraine €35 billion backed by revenues of frozen Russian assets and promised to help Ukraine "keep warm" ahead of a third winter of war.The talks on energy security come amid ongoing Russian airstrikes targeting the…

Radio France Internationale

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Youth activists plan protests to demand action on climate as big events open in NYC

Activists are gearing up for protests around the world to demand action on climate change just as a pair of major weeklong climate events were getting underway in New York City

The Independent UK

Ukraine's Electricity Supply At Risk, Urgent International Assistance Needed

IEA warns of severe electricity disruptions in Ukraine due to Russian attacks, posing risks to essential services.

Top News

Coming Winter 'Sternest Test Yet' For Ukraine Energy Grid

The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure.

International Business Times

3 High-Momentum Energy Stocks to Watch in 2024

As supply disruptions and market shifts could potentially lead to an increase in oil prices, it's worth considering investments in stable energy stocks Energy Transfer LP (ET), ChampionX Corporation (CHX), and Secure Energy Services (SECYF). These companies are showing good growth momentum in the current landscape. Read on….

StockNews.com

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UN experts call for global system to trace critical minerals

UN experts have called for the creation of a global system to trace the extraction and production of critical minerals that are needed in the transition away from fossil fuels.

Radio France Internationale

Oil demand growing at slowest rate since height of pandemic, says IEA

Energy watchdog says global oil prices could continue to fall from three-year lows as supply outstrips demand

The Guardian - UK

UN Experts Call For Global System To Trace Critical Minerals

UN experts called Wednesday for the creation of a global system to trace the extraction and production of critical minerals that are needed in the transition away from fossil fuels.

International Business Times

Ignore Wall Street, Here's How to Invest in Uranium Now

Kazatomprom, the world’s largest uranium producer, recently slashed its production target for 2025 due to project delays and sulphuric acid shortages. This move will put renewed upward pressure on uranium prices, which are already at historically elevated levels.

Barchart

Azerbaijan: A Country Steeped In Hydrocarbons

Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account for most of its revenues.

International Business Times

US leads wealthy countries spending billions of public money on unproven ‘climate solutions’

Exclusive: Over $12bn in subsidies awarded for technologies like carbon capture experts call ‘colossal waste of money’

The Guardian - US

Why the datacenter of 2030 will look very different from today

An insight into what is shaping the datacenters of the future

TechRadar

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The Independent UK

India has pushed hard for solar. But as its billions demand more power, coal always gets the call

India has been significantly increasing its renewable energy capacity in recent years, but when demand for electricity surges, it still goes back to its most trusted source of power

International Business Times

Renewables Overproduction Turns Electricity Prices Negative

With the proliferation of solar panels and wind turbines an unusual phenomenon is becoming more and more frequent: wholesale electricity prices turn negative.

International Business Times

Renewable Electricity To Outstrip Coal Next Year: IEA

The amount of electricity produced from renewable sources worldwide is set to surpass output from coal-fired plants for the first time in 2025, the International Energy Agency said Friday.

International Business Times

EXCLUSIVE: ESG Expert Talks Evolving Bitcoin Mining Narrative, 'Impunity' In Other Industries' Energy Use

Bitcoin mining was long under scrutiny due to environmental concerns associated with the industry, but as more studies emerge about the role the sector plays in the world's transition toward sustainable energy sources, the tides may finally be changing.

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Barchart

Dollar Weakness and Tight US Oil Supplies Push Crude Prices Higher

August WTI crude oil (CLQ24 ) Thursday closed up +0.52 (+0.64%), and Aug RBOB gasoline (RBQ24 ) closed up +1.44 (+0.58%). Crude oil and gasoline prices posted moderate gains on Thursday. The slump in the dollar index (DXY00 ) on Thursday to a 1-month low is bullish for energy prices....

StockNews.com

3 Undervalued Energy Stocks Poised for a Comeback

As the energy sector navigates the complexities of fluctuating oil prices and shifting global demand, some undervalued stocks show signs of potential resurgence. Therefore, Energy Transfer (ET), VAALCO Energy (EGY), and Obsidian Energy (OBE), each trading under $20, might be solid buys now to capitalize on the current oil market…

Barchart

Crude Prices Supported by Dollar Weakness and Tighter US Supplies

August WTI crude oil (CLQ24 ) today is up +0.47 (+0.57%), and Aug RBOB gasoline (RBQ24 ) is up +1.79 (+0.72%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index to a 1-month low is bullish for energy prices. Crude also has carryover support...

Latin Times

Oil Demand Growth Slowing, China Consumption Dips: IEA

The Paris-based body that advises industrial nations on energy policy said oil demand increased by just 710,000 barrels per day in the second quarter, the slowest rate in over a year.

The Guardian - UK

‘Will you stop exploring yours?’: Latin America forges ahead on new oil frontier

About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

International Business Times

Is AI A Major Drain On The World's Energy Supply?

When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed the finger at artificial intelligence.

Reason

My New Spectator (UK) Article on "The (Selfish) Case for Immigration"

The article explains how immigration has major benefits for receiving-country natives, with a focus on Britain.

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