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The Latest Breaking News from International Energy Agency

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

The Independent UK

IEA Holds Emergency Meeting To Tackle Soaring Oil Prices: Reuters

The International Energy Agency (IEA) is set to hold an emergency meeting Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices,

Benzinga

IEA states agree on coordinated oil release but not volumes

U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of Ukraine, the International Energy Agency said on Friday, without specifying volumes.

Reuters

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Biden bets a million barrels a day will drive down soaring gas prices – what you need to know about the Strategic Petroleum Reserve

The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and diesel prices. About a million barrels of oil will be released every day for up to six…

The Conversation

OPEC Holds Special Meeting to Ditch IEA Data

OPEC on Thursday held a brief extraordinary meeting to ditch the International Energy Agency from its list of trusted data contributors, an OPEC source said on Thursday. The meeting followed a regular policy decision meeting. Earlier this week, OPEC experts recommended ditching the IEA and choosing consultancies Rystad and Wood…

Asharq Al-Awsat

Oil prices fall ‘as US mulls record release from crude reserves’

Reports suggest President Joe Biden is considering releasing up to 180 million barrels of oil from the US Strategic Petroleum Reserve.

The Independent UK

Household appliance energy efficiency programs cut power bills and emissions — but they are out of date

Some of Australia's energy standards for household appliances are out of date or missing completely. Updating them could save households money and massively reduce emissions over time.

ABC News

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Proposals to ban Sunday driving and cut motorway speed to 64mph limit to save oil

The International Energy Agency, who advise the UK Government, has a 10 point plan for reducing our reliance on oil amid high fuel and petrol prices

Chronicle Live

Working from home, lower speed limits and car-free Sundays part of plan to combat oil crisis

Ten measures put forward by the International Energy Agency to make up for oil shortfall caused by war

Wales Online

Ten-point plan to avoid 'biggest oil supply shock in decades'

The International Energy Agency has put forward recommendations to save fuel

Wales Online

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

The International Energy Agency Warns Of An Oil Supply Shock As 30% Of Russian Production Could Go Offline Soon. A Hedged Bet On Oil Going Higher.

Jan-Rune Smenes Reite/Pexels Ukraine Crisis Puts Upward Pressure On Oil

Benzinga

Energy agency: 10 steps would save 2.7M barrels of oil a day

The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel

The Independent 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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Evening Standard

Adopt ‘car free Sundays’ to tackle oil crisis, governments told

The International Energy Agency has set out a 10-point plan to cut global demand for oil by 2.7 million barrels per day

Asharq Al-Awsat

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…

Newslaundry

Daily Dose Ep 996: Bhagwant Mann takes oath, Sonia Gandhi on Facebook 'interference'

Tanishka Sodhi brings you the news from Punjab, Supreme Court, Maharashtra, the Parliament and the International Energy Agency.

Asharq Al-Awsat

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…

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France 24

Oil price tumbles after UAE official signals support for boosting production

The price of oil plunged on Wednesday, after a diplomat from the United Arab Emirates said the country was in favour of the oil-producing group OPEC increasing production. The ambassador's statement was followed by a tweet from the Emirati energy minister, who said the UAE would stick to current production…

Benzinga

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…

Irish Mirror

Cost of living: Full list of the cheapest oil providers in Ireland by county

Members of the International Energy Agency sounded the alarm earlier this week over supply fears

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

The Times of India

Fuel prices poised to flare up as oil hits 8-year high of $113

NEW DELHI: Global benchmark Brent crude spurted to $113/barrel on Wednesday, unimpressed by a US-led initiative for a co-ordinated release of 60 million barrels from emergency stockpiles of 31 International Energy Agency member-countries, as sanctions force consumers to shun Russian oil. Brent, accounting for 50% of globally traded oil, was…

Evening Standard

FTSE 100 Live: Gas soars, Brent crude at 8-year high above $110, Asos pulls out of Russia

Brent crude was today above $110 a barrel, despite efforts by the International Energy Agency to ease fears about oil supply disruptions in the wake of Russian sanctions.

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…

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