International Energy Agency

Crude oversupply likely to hit 950,000 barrels per day next year, says IEA

Unwinding of ongoing production cuts by Opec+ not enough to counter tepid oil demand growth

Shale drilling techniques could lead to a geothermal surge, says IEA

Shale drilling techniques in question have also attracted opposition from environmental campaigners in the context of the oil and gas industry because of concerns over water pollution and earthquakes

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

IEA forecasts surplus oil supply, weak demand from China despite stimulus

China, which has accounted for more than 60 per cent of global oil demand growth in the last decade

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

Global electricity demand forecast to grow by around 4% in 2024: IEA report

The strong increase in global electricity consumption is set to continue into 2025, with growth around 4 per cent again, according to the report

Oil prices set for best week in over 2 months on positive demand outlook

The Organization of Petroleum Exporting Countries (OPEC) stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid US fuel demand this summer

Foreign investment dwindles as India struggles to boost oil production

India's high demand for oil and low domestic output are increasing the dependence on imports. The 'supportive' upstream policy, if backed by lower taxes, could turn things around

India and the IEA: Friends with benefits?

Expanding the global energy body membership to include India is crucial for ensuring global energy security

Govt in talks with ministers of IEA member countries for full membership

Ministers from the International Energy Agency's member countries have begun talks with India on its application to become a full member of the Paris-based agency of 31 nations, IEA said on Wednesday. In a statement issued after IEA's 2024 ministerial meeting in Paris, the agency said the talks with India are in recognition of the country's "strategic importance" in tackling global energy and climate challenges. "The Ministerial gave the IEA a strong mandate to deepen cooperation with major emerging economies. This includes starting discussions with India on its request for full IEA membership," it added. India, which joined the IEA as an associate member in 2017, sent a formal request for full membership in October 2023. "Ministers recognised the 'strategic importance' of India in tackling global energy and climate challenges," IEA said. Addressing the meeting through video conferencing, Prime Minister Narendra Modi said India is the world's fastest-growing major economy. "Susta

Best of BS Opinion: Mobile PLI scheme, ensuring energy security & more

Here is the best of Business Standard's opinion pieces for today

India will be world's biggest oil demand growth driver through 2030: IEA

The country is already second largest net importer of the fuel, say agency in report on energy security

Ensuring energy security

India must explore both domestic reform and foreign outreach

India to be largest global oil demand growth driver through 2030: IEA

The agency forecast India's demand would reach 6.6 million bpd in 2030, up from 5.5 million bpd in 2023

IEA will expedite 2025 oil demand forecast after Opec's early move

OPEC believes oil use will keep rising over the next two decades, while the IEA, which represents industrialised countries, predicts it will peak by 2030

Indian oil product demand growth to slow ahead: International Energy Agency

Indian oil product deliveries edged higher in November but were underwhelming compared to the usual seasonal rise, the agency noted. Deliveries in November increased by 40,000 barrels per day

India, International Energy Agency hold meet to discuss cooperation

The IEA delegation was led by Deputy Executive Director Mary Burce Warlick, the MEA informed, adding that the two sides held discussions on New Delhi's cooperation with the global agency

India's natural gas demand to rise 4% in 2023: International Energy Agency

Global natural gas demand growth to slow to 1.6 % till 2026, down from 2.5%

Private sector must cover 90% of climate investment in Ems, says IMF

The IMF said phasing out coal is necessary to reach climate goals, though it is challenging as many EMDEs highly depend on coal