Iea

Oil producers junk criticism days ahead of COP28 climate summit

COP stands for the Conference of the Parties, where the “parties” stand for 197 states and a regional economic organisation. They gather once a year to discuss plans to limit climate change.

India will see solar revolution by 2030, says IEA

India has set a target of achieving 500 GW of installed capacity from non-fossil fuels, including around 270 GW of solar capacity, by 2030

Russian oil exports hit near three-year high in March despite sanctions in wake of Ukraine war: IEA

In a monthly oil market report published by IEA, it said that total shipments from Russia rose by 600,000 barrels per day to 8.1 million bpd last month, the highest level since April 2020.

Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes-its lowest since 2007, government data showed on Saturday.

Crude declines 4% to $28 on oversupply concerns; lack of coordinated oil purchases for strategic storage may hit deal

The IEA on Wednesday forecast a 29 million bpd dive in April oil demand to levels not seen in 25 years and said no output cut could fully offset the near-term falls facing the market.

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; cut unprecedented deal

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; unprecedented deal made with oil producing nations

Oil prices jump more than 6% after biggest one-day fall since 1991; sparks hope price war by Saudi Arabia, Russia will not be sustained

Both benchmarks dropped to their lowest since February 2016 in the previous session and recorded their biggest one-day percentage declines since 17 January, 1991, when oil prices fell at the outset of the US Gulf War

Crude rises after three session of losses on short-covering, hopes for deeper output cut by OPEC

Crude prices inched higher on Wednesday as investors covered short positions after three sessions of losses and eyed potential supply cuts, even as fears of a coronavirus pandemic deepened

Oil declines as market surplus forecast counters Libya worries; US crude output expected to rise to record highs in February

US oil fell 29 cents, or 0.5%, to $58.09 a barrel, having declined 0.3% the day before.

India's oil demand growth set to overtake China by mid-2020, says International Energy Agency

India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday