Europe’s and America’s gradual restrictions on Russian oil trade are raising the stakes in a protracted economic standoff that is reshaping the global energy market.
Tag Archives: International Energy Agency
The Shift to Renewable Energy Is Speeding Up. Here’s How.
The head of the world’s leading energy organization called the war in Ukraine an “accelerator” of the transition.
China’s Oil and Gas Use Fell in 2022 for First Time in Decades
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
Carbon Dioxide Emissions Increased in 2022 as Crises Roiled Energy Markets
Global emissions from fossil fuels are likely to reach record highs this year, new data shows, putting nations further off track from stopping global warming.
Making Sense of the Week’s Climate News
Recent headlines describe how war, government policies and other factors are affecting assessments of climate change. Is a chaotic future likely? Is there cause for optimism? Both can be true.
War in Ukraine Likely to Speed, Not Slow, Shift to Clean Energy, I.E.A. Says
While some nations are burning more coal this year in response to natural-gas shortages spurred by Russia’s invasion of Ukraine, that effect is expected to be short-lived.
Gas Prices Around the World Threaten Livelihoods and Stability
Around the world, from South Asia and Africa to Europe and Latin America, the cost of filling a car’s tank, getting to work and cooking dinner has spiked.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Harsh Winter Could Force Europe to Ration Gas, Global Energy Leader Warns
Fatih Birol, the head of the International Energy Agency, says he has been urging leaders to draw up contingency plans.
Russia Wants to Sell More Energy to Asia, but Has to Slash Prices
Russia wants to sell more oil and coal to China and India, but Western sanctions may make that hard unless Russia offers deep discounts on the price.
OPEC and Russia to Meet as War in Ukraine Roils Oil Market
Big producers seem to be sticking to modest output raises and alliance with Russia.
Internation Energy Agency Says Nations Should Conserve Fuel as Global Energy Crisis Looms
The International Energy Agency said countries should encourage use of mass transit and car pooling, among other things. That could also help the climate crisis.
Russian Oil Not Worth the Trouble, Some Traders Conclude
European buyers, shippers, banks and insurers have grown leery of doing business with Russia in recent days, even at deep discounts.
How Spiking Energy Prices Complicate the Fight Against Global Warming
Oil and gas prices are soaring, while coal use is reaching record highs worldwide. Here’s what the upheaval could mean for climate policies across the globe.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce global energy prices, the White House will release 50 million barrels of crude oil along with Britain, China, India, Japan and South Korea.
Oil Output Is Increasing, Possibly Easing Prices, a Report Says
The International Energy Agency said in its monthly report that oil production was picking up in the United States.
The Developing World Is Falling Short on Emissions Reductions
Plans for new power generation won’t meet global climate goals.
Fossil-Fuel Use Could Peak in Just a Few Years. Still, Major Challenges Loom.
The world has made progress in the fight against climate change, with wind, solar and other clean technologies taking off. But more is needed to avert catastrophe, a new report finds.
Europe’s Energy Prices Soar Amid Switch to Renewable Resources
Britain and the rest of Europe are watching natural gas prices and utility bills soar, and Russia is coming under pressure to provide more gas.
Don’t Let the Fossil Fuel Industry Pivot to Toxic Plastics and Chemicals
As we confront climate change, focusing on a single metric, like greenhouse gas emissions, could leave other harmful practices unaddressed.
G7 Nations Take Aggressive Climate Action, But Hold Back on Coal
President Biden pushed climate action after four years in which Donald Trump rejected cooperation with allies. But leaders failed to set an expiration date for burning coal.
Nations Must Drop Fossil Fuels, Fast, World Energy Body Warns
A landmark report from the International Energy Agency says countries need to move faster and more aggressively to cut planet-warming pollution.
The Wind and Solar Boom Is Here
The world is adopting renewable sources of power much faster than experts thought possible.
Coal Is Set to Roar Back, and So Are Its Climate Risks
To slow down climate change, new coal projects need to end. A global forecast this week shows demand rising sharply.
Al Gore: I Have Hope on the Climate Crisis. America Must Lead.
The Biden administration will have the opportunity to restore confidence in America and take on the worsening climate crisis.
Southern Iraq’s Toxic Twilight
Burning Gas and Poisoning the Air
OPEC and Russia May Ease Oil Production Cuts
As lockdowns ease, the Saudis and their allies see room to increase their output. But the spread of the virus “is casting a shadow” over their plans.
As Energy Prices Tumble, Developing Countries Trim Subsidies
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel.
Emissions Declines Will Set Records This Year. But It’s Not Good News.
An “unprecedented” fall in fossil fuel use, driven by the Covid-19 crisis, is likely to lead to a nearly 8 percent drop, according to new research.
Oil Prices Crash, Virus Hits, Commerce Stops: Iraq Is in Trouble.
Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.