Iran alerts that oil prices could reach $200 per barrel as the US and IEA tap into emergency reserves.
Iran’s Oil Price Warning and U.S. Response On Wednesday, tensions escalated when Iran cautioned the U.S. that oil prices might spike to $200 a barrel due to ongoing U.S. and Israeli military actions against it. This has caused significant upheaval in the global energy markets. In an effort to avert a possible oil crisis reminiscent […]
IEA Changes Stance on Investment in Oil and Gas – Current Crude Oil Prices
The International Energy Agency (IEA) stated that to maintain oil and gas production levels, new resources must be explored, as existing fields are witnessing slowdowns. This marks a significant shift from the narrative seen in 2021, where new investments are crucial for achieving net-zero targets between 2021 and 2050. Recent years have shown that decline […]
Global copper supply expected to be 30% below demand by 2035, warns IEA
Concerns Over Copper Supply in Transition to Low-Carbon Energy Global Energy Watchdog reports that the demand for copper, crucial for advancing toward a low-carbon future, is expected to outstrip supply within the next decade. Currently, a significant shortfall of 30% is projected in the metals required for energy systems by 2035, as indicated by analysis […]
World can triple renewable power, but push is needed: IEA
Get the latest news from The Hill here {beacon} Energy and Environment Energy and Environment Full text 22 states want to hire 1 million climate trainees by 2035 Governors of 22 states and two U.S. territories say they want 1 million people to complete training related to low-carbon energy and other climate-friendly jobs by […]
Daily on Energy: House Republican discontent with IEA bubbles over
HOUSE GOP TAKES ON BIROL: House Energy Republicans are accusing the International Energy Agency’s Chief Fatih Birol of refusing to appear before their panel – and issued a thinly veiled threat tying cooperation with the panel to the IEA’s funding. The details: Energy and Commerce Chairwoman Cathy McMorris Rodgers and Subcommittee Chairman Jeff Duncan blasted […]
Near-record energy sector methane emissions expected to fall: IEA
Fossil fuel emissions from methane, which is more powerful than carbon dioxide, are projected to fall after rising last year, according to a report. report The International Energy Agency (IEA) announced on Wednesday. According to the IEA, the leading emitters will emit about 80 million tons of methane emissions from fossil fuels in 2023, with […]