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The Latest Breaking News from the International Energy Agency

Oversupply of oil could create glut of 4m barrels a day, says energy watchdog

Warning comes as scenario in which global demand continues to grow until 2050 is included in IEA outlook report

The Guardian - UK

Gavin Newsom Slams Trump's Reported California Drilling Push As IEA U-Turns To Predict Global Oil Demand Growth Until 2050

California Governor Gavin Newsom strongly opposed the Trump administration’s reported intentions to expand offshore drilling in California, as the International Energy Agency (IEA) on Wednesday predicted global oil and gas demand could grow until 2050.

Benzinga

Diverse and resilient energy production is needed to meet future demand, global report says

Electricity demand will rise much faster than overall energy growth in the coming decades, underscoring the need for diversified energy sources and supply chains, That's according to a new report by the International Energy Agency

The Independent UK

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Europe’s water crisis: How waste is ‘amplifying’ the climate crisis and costing millions

Europe’s ‘strained’ energy and water system could slash GDP by up to eight per cent in high-income countries.

Euronews

Crude Oil Slides To Five-Month Lows Amid Supply Concerns And Weak Demand

The International Energy Agency (IEA) has cautioned that the oil market could face a surplus of up to 4 million barrels per day in 2026, driven by rising production from both OPEC+ and non-OPEC countries, even as demand growth remains sluggish.

International Business Times

OpenAI’s newly launched Sora 2 makes AI’s environmental impact impossible to ignore

OpenAI’s recent rollout of its new video generator Sora 2 marks a watershed moment in AI. Its ability to generate minutes of hyper-realistic footage from a few lines of text is astonishing, and has raised immediate concerns about truth in politics and journalism.

The Conversation

Geothermal energy has huge potential to generate clean power – including from used oil and gas wells

As energy use rises and the planet warms, you might have dreamed of an energy source that works 24/7, rain or shine, quietly powering homes, industries and even entire cities without the ups and downs of solar or wind – and with little contribution to climate change.

The Conversation

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Clean energy surpasses coal but policy headwinds threaten 2030 goals, IEA warns

This year, solar and wind farms generated more electricity than coal for the first time. But United States and Chinese policy shifts are slowing growth, making it unlikely that the global 2030 clean energy goals will be met, according to a report released by the International Energy Agency.

Radio France Internationale

IEA Feels The Heat As Washington Pushes Pro-oil Agenda

No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the Trump administration over its globally-respected reports that predict a dwindling in fossil fuel demand.

International Business Times

I Asked ChatGPT How Trump’s Policies Could Affect Gas Prices in 2026

Every election, the new administration changes policies that impact Americans' finances. What impact will Trump's policies in 2025 have on gas prices in 2026?

GOBankingRates

Trump wanted Korean battery builders to stay. How dependent is Europe on Korean EV battery makers?

Europe heavily relies on South Korean-run factories for EV batteries. About 75 per cent of existing battery cell manufacturing capacity in Europe is owned by Korean companies, 50 per cent of which is owned by LG, according to the International Energy Agency.

Euronews

Climate action can feel slow – but the fastest energy leap in history has begun

It’s increasingly common to hear from experts and the general public that the global shift away from fossil fuels is glacially slow, or even nonexistent.

The Conversation

China’s electric vehicle influence expands nearly everywhere – except the US and Canada

In 2025, 1 in 4 new automotive vehicle sales globally are expected to be an electric vehicle – either fully electric or a plug-in hybrid.

The Conversation

NGOs wary of Norway’s world-first scheme to bury CO2 under the North Sea

Environmental groups are warning that Norway’s Northern Lights project – the world’s first commercial offshore carbon storage scheme – could end up masking continued fossil fuel use. It began operations this week, pumping CO2 into a reservoir deep beneath the North Sea seabed.

Radio France Internationale

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Barchart

Crude Oil Falls on Bearish Weekly Inventory Report and IEA Oil Surplus Forecast

September WTI crude oil (CLU25) on Wednesday closed down -0.52 (-0.82%), and September RBOB gasoline (RBU25) closed down -0.0040 (-0.19%). Crude oil prices on Wednesday fell due to a bearish weekly EIA crude inventory report of +3.0 million bbls and a bearish oil surplus forecast by the International Energy Agency....

Barchart

Crude Oil Falls on Bearish EIA Inventory Report and IEA Oil Surplus Forecast

September WTI crude oil (CLU25 ) today is down -1.15 (-1.82%), and September RBOB gasoline (RBU25 ) is down -0.0266 (-1.29%). Crude oil prices are sharply lower today on a bearish weekly EIA crude inventory report of +3.0 million bbls and a bearish oil surplus forecast by the International Energy...

Radio France Internationale

Cleaner cooking could save 4.7 million lives in Africa by 2040, IEA says

Getting homes in Africa to stop burning wood, charcoal or dung to feed fires for cooking and use liquefied petroleum gas (LPG), bioethanol and biogas could prevent 4.7 million premature deaths between now and 2040, according to a report published on Friday by the International Energy Agency (IEA).

Euronews

The EU is importing more LNG than pipeline gas: How bad is it for the climate?

The EU is ramping up LNG imports to make up for the lack of Russian pipeline gas reaching the bloc. What's the environmental and financial cost?

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International Business Times

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

InsideEVs

EV Batteries Got 20% Cheaper Last Year

The good news: Cheaper batteries mean cheaper EVs, according to a new study from the International Energy Agency. The bad news: China is still moving faster.

Radio France Internationale

Global methane emissions still far above what countries report, IEA warns

The fossil fuel industry released more than 120 million tonnes of methane in 2024, keeping emissions close to record highs, the International Energy Agency said this week. The level has barely changed since 2019, despite global pledges to cut this powerful greenhouse gas.

Evening Standard

UK’s clean power push ‘route to energy security’, says Ed Miliband

The Energy Secretary also shared a message from King Charles which said green energy would make countries’ power systems ‘more resilient and secure’.

The Conversation

‘Energy security’ is being used to justify more fossil fuels – but this will only make us less secure

The UK government is about to host a summit with the International Energy Agency (IEA) on the future of energy security. It does so as the world grapples with war, geopolitical realignments and trade barriers, against a backdrop of accelerating climate upheavals. One of the expected outcomes of this summit…

The Guardian - UK

US to impose tariffs of up to 3,521% on south-east Asia solar panels

Ahead of a global summit in London comes a warning that lessons on energy security have not been learnedBusiness live – latest updates

Barchart

Energy Demand Concerns Undercut Crude Prices

May WTI crude oil (CLK25 ) Tuesday closed down -0.20 (-0.33%), and May RBOB gasoline (RBK25 ) closed up +0.0022 (+0.11%). Crude oil and gasoline prices on Tuesday settled mixed. Tuesday's stronger dollar weighed on crude prices. Also, Tuesday's action by the International Energy Agency (IEA) to cut its global...

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