International Energy Agency

'I’m honored that IEA members have put their trust in me to lead the agency into a new era following what I believe may turn out to be the most consequential ministerial meeting in the IEA’s near 50-year history,' Birol said.

With Russia’s invasion of Ukraine resulting in lower supplies to oil markets ahead of peak demand season, the International Energy Agency has released a plan that it says can cut global oil demand by 2.7 million BOPD, easing strains and price pain.

The 31-member group approved its fourth coordinated release since 1974 in response to the looming supply disruptions caused by Russia's invasion of Ukraine.

The agency’s new Global Methane Tracker analysis reports that methane emissions from the energy sector are 70% higher than official figures.

France expects to exceed self-imposed limits on coal usage to avoid power outages. This comes as nuclear power plants undergo maintenance and there are not enough renewable energy systems to fill the gap.

Forecasts for oil demand are looking up. Will the optimistic views prove to be on target? We have learned how the market can shift or wildly careen, both historically and in the very recent past. The outlooks, which reflect a consensus of sorts, is encouraging for producers.

The roadmap presented by the International Energy Agency requires extreme measures that could be career changing for petroleum engineers.

The International Energy Agency is launching a global commission to address the effects on employment and society from the transition to renewable energy from fossil fuels, it said. The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico, and Oman. It will also include US energy officials, as Washington shifts course under Preside…

Technology innovation, job creation, inclusive and equitable recoveries, and sustainable electricity headline discussions at high-level summit.

A new report from the IEA forecasts the global oil and gas industry will suffer a $1-trillion loss in revenue as a global pandemic saps demand and crushes prices. It might also set the stage for a price swing in the next few years.