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Investors, scientists urge IEA head to take bolder climate stance

Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation's reports enable damaging levels of investment in fossil fuels.
Tags: Money, businessNews, IEA, International Energy Agency IEA, Fatih Birol


Global energy investment expected to tumble 20% in 2020 due to COVID crisis - IEA

Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
Tags: Money, businessNews, IEA, International Energy Agency IEA


Investment in global energy to drop by $400bn

Covid-19 pandemic forecast to cause biggest slump in history after collapse in demandInvestment in global energy will fall by $400bn (£324bn) this year, the biggest slump in the industry’s history, as the Covid-19 pandemic fuels a collapse in energy demand.The International Energy Agency (IEA) said the unprecedented investment slump follows the most severe plunge in energy demand since the second world war. The price of oil suffered an historic market crash last month when US oil prices turned n...
Tags: Energy, Business, Environment, Oil, US, Renewable Energy, World news, Commodities, Oil and gas companies, Energy industry, International Energy Agency IEA, Coronavirus outbreak


Oil mixed as coronavirus risks offset hopes that crude stockpiles will shrink

Oil prices were mixed on Friday after big gains a day earlier when the International Energy Agency (IEA) predicted crude stockpiles would start to shrink in second-half 2020 after surging while the coronavirus pandemic slashed fuel demand.
Tags: Money, businessNews, International Energy Agency IEA


Oil prices rise on dip in U.S. crude stockpiles and IEA data - Reuters

Oil prices rise on dip in U.S. crude stockpiles and IEA data - Reuters:Oil prices settled higher on Thursday after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020, although worries remain that a second surge in coronavirus infections could occur in coming months.Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen.Brent crude futures settled up $1.94, or 6.7 pe...
Tags: Travel, IEA, Reuters, International Energy Agency IEA, U S Federal Reserve, U S West Texas Intermediate WTI, Jerome Powell, Rupert Neil Bumfrey


IEA says new cuts by Saudi Arabia and others unlikely to balance oil market

International Energy Agency (IEA) Executive Director Fatih Birol said on Thursday that recently announced oil output cuts by major Gulf Arab producers would likely not be enough to balance global markets as coronavirus lockdowns hollow out demand.
Tags: Money, Saudi Arabia, businessNews, IEA, International Energy Agency IEA, Gulf Arab, Fatih Birol


IEA still sees record 2020 oil demand fall but easing lockdowns helping - Reuters

IEA still sees record 2020 oil demand fall but easing lockdowns helping - Reuters:Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures.Demand is expected to fall by 8.6 million barrels per day (bpd), the IEA said in its monthly report, trimming its estimate by 690,000 bpd.Around 2.8 billion people will be living under confinement measures aimed at containing the coronavi...
Tags: Travel, United States, Paris, IEA, Reuters, International Energy Agency IEA, Rupert Neil Bumfrey


IEA still sees record 2020 oil demand fall but easing lockdowns helping

Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures.
Tags: Money, businessNews, IEA, International Energy Agency IEA


Coronavirus will trigger biggest ever plunge in energy demand, emissions: IEA - Reuters

Coronavirus will trigger biggest ever plunge in energy demand, emissions: IEA - Reuters:Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on Thursday.Global energy demand could slump by 6% in 2020 due to the restrictions placed on homes and industry in what would be the largest contraction in absolute terms on record, according to Paris-based IEA, which advises ...
Tags: Travel, Paris, IEA, Reuters, International Energy Agency IEA, Fatih Birol, Rupert Neil Bumfrey, IEA Reuters


Coronavirus will trigger biggest ever plunge in energy demand, emissions - IEA

Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on Thursday.
Tags: Money, businessNews, IEA, International Energy Agency IEA


Our love of the cloud is making a green energy future impossible

Mark Mills Contributor Share on Twitter Mark Mills is the author of the book, “Digital Cathedrals: The Information Infrastructure Era,” and is a senior fellow at the Manhattan Institute, a Faculty Fellow at Northwestern University’s McCormick School of Engineering, and a partner in Cottonwood Venture Partners, an energy-tech venture fund. An epic number of citizens are video-conferencing to work in these lockdown times. But as...
Tags: Google, Energy, TC, Cloud, Facebook, Column, Europe, California, Opinion, Tech, IEA, Clean Tech, GreenTech, Empire State Building, Moore, International Energy Agency IEA


Iraq's Economy: Spotlight on Oil and Gas

On April 20, 2020, IRIS held a webinar entitled Iraq's Economy: Spotlight on Oil and Gas. The discussion focused on Iraq's economy amidst falling oil prices and additional pressures from the ongoing COVID-19 pandemic. Speakers included IRIS Senior Fellow and AFC Iraq Fund Chief Investment Officer Ahmed Tabaqchali, Iraq Correspondent for Associated Press (AP) Samya Kullab, and MENA Programme Manager at the International Energy Agency (IEA) Ali Al-Saffar. The discussion was moderated by IRIS Direc...
Tags: News, Iraq, Iraq Business News, Iris, International Energy Agency IEA, Associated Press AP, Ahmed Tabaqchali, MENA Programme, Ali Al Saffar, Mac Skelton


Mideast Stocks: IMF's dire economic warning, oil demand shrinkage weigh on Gulf | ZAWYA MENA Edition

Mideast Stocks: IMF's dire economic warning, oil demand shrinkage weigh on Gulf | ZAWYA MENA Edition:Most Middle East indexes fell for a second day on Thursday, after the International Monetary Fund (IMF) warned of the worst economic downturn since 1930s while an expected drop in global oil demand to quarter-century lows added to the woes.The global economy is expected to shrink by 3.0% during 2020 in a coronavirus-driven collapse that would be the steepest since the Great Depression of the 1930...
Tags: Travel, Saudi Arabia, Imf, Saudi Aramco, International Monetary Fund IMF, International Energy Agency IEA, Rupert Neil Bumfrey, Al Rajhi Bank


Oil falls 4% towards $28 on oversupply concerns - Reuters

Oil falls 4% towards $28 on oversupply concerns - Reuters:Oil fell 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack of coordinated oil purchases for strategic storage.The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (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 th...
Tags: Travel, IEA, Reuters, International Energy Agency IEA, Rupert Neil Bumfrey


April may prove worst ever month for oil industry - IEA's Birol

International Energy Agency (IEA) Executive Director Fatih Birol said on Wednesday this month could prove the worst ever experienced by the oil industry.
Tags: Money, businessNews, IEA, International Energy Agency IEA, Fatih Birol, Birol


Oil market falls too big to offset with output cuts, IEA warns

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market.
Tags: Money, businessNews, IEA, International Energy Agency IEA


Market Review: "Iraq, Oil Prices and the Coronavirus"

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "The herd instinct among forecasters makes sheep look like independent thinkers" -- Edgar Fielder The crash in oil prices, brought on by the oil price war between Russia and Saudi Arabia, and the collapse in consumption due to COVID-19, seems like the perfect storm to hit Iraq given its vulnerabilities to such exte...
Tags: Isis, News, Saudi Arabia, China, Iraq, Russia, US, Opec, Bloomberg, IEA, Brent, Iraq Business News, Cnbc, Imf, Mena, International Energy Agency IEA


Oil market shock to spill over into global supply chains - IEA

The global crisis caused by the coronavirus pandemic will be felt throughout oil's global supply chains and ripple into other parts of the energy sector, the International Energy Agency (IEA) said in a report https://bit.ly/39BUOdA on Wednesday.
Tags: Money, businessNews, IEA, International Energy Agency IEA


IEA says global oil demand could drop 20% as 3 billion people in lockdown

Global oil demand could dive by 20% as 3 billion people are in a lockdown because of the coronavirus outbreak, the head of the International Energy Agency (IEA) said on Thursday as he called on OPEC leader Saudi Arabia to help stabilise oil markets.
Tags: Money, Saudi Arabia, Opec, businessNews, IEA, International Energy Agency IEA


Coronovirus poses threat to climate action, says watchdog

IEA warns that Covid-19 could cause a slowdown in world’s clean energy transitionThe coronavirus health crisis may lead to a slump in global carbon emissions this year but the outbreak poses a threat to long-term climate action by undermining investment in clean energy, according to the global energy watchdog.The International Energy Agency (IEA) expects the economic fallout of Covid-19 to wipe out the world’s oil demand growth for the year ahead, which should cap the fossil fuel emissions that ...
Tags: IEA, International Energy Agency IEA


Coronavirus poses threat to climate action, says watchdog

IEA warns that Covid-19 could cause a slowdown in world’s clean energy transitionThe coronavirus health crisis may lead to a slump in global carbon emissions this year but the outbreak poses a threat to long-term climate action by undermining investment in clean energy, according to the global energy watchdog.The International Energy Agency (IEA) expects the economic fallout of Covid-19 to wipe out the world’s oil demand growth for the year ahead, which should cap the fossil fuel emissions that ...
Tags: IEA, International Energy Agency IEA


Oil near flat; virus impact offsets Libya supply disruptions | Financial Post

Oil near flat; virus impact offsets Libya supply disruptions | Financial Post:Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya.Brent crude rose 8 cents to settle at $57.75 a barrel. U.S. West Texas Intermediate (WTI) crude futures were unchanged from the previous session, settling at $52.05 a barrel.Though new cases of the coronavirus in mainland China ...
Tags: Travel, Wall Street, China, Libya, Apple Inc, International Energy Agency IEA, Financial Post, Rupert Neil Bumfrey


Oil drops below $57 on coronavirus impact and OPEC+ delay - Reuters

Oil drops below $57 on coronavirus impact and OPEC+ delay - Reuters:Oil fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.Forecasters including the International Energy Agency (IEA) have cut 2020 oil demand estimates because of the virus. Though new cases in mainland China have dipped, global experts say it is too early to judge if the outbreak is...
Tags: Travel, China, Opec, Reuters, International Energy Agency IEA, Commerzbank, Rupert Neil Bumfrey, Carsten Fritsch


Gulf states could face higher fiscal deficits as coronavirus set to cut global oil demand, says analyst | ZAWYA MENA Edition

Gulf states could face higher fiscal deficits as coronavirus set to cut global oil demand, says analyst | ZAWYA MENA Edition:Government coffers in the Gulf Cooperation Council (GCC) region could face further pressure this year, with the novel coronavirus (Covid-19) outbreak expected to dampen oil demand during the first quarter of 2020.According to Raghu Mandagolathur, executive vice president of Kuwait Financial Centre (Markaz), a contraction in demand for oil, coupled with the decline in price...
Tags: Travel, China, IEA, Gulf, International Energy Agency IEA, Gulf Cooperation Council GCC, Rupert Neil Bumfrey, Kuwait Financial Centre Markaz, Raghu Mandagolathur


Coronavirus: no significant shift in mortality or severity, say WHO – live news

Latest figures from China do not show a ‘significant shift in the pattern of mortality or severity’ of the coronavirusChina purges regional leaders hours after spike in deathsLondon coronavirus patient turned up at hospital in Uber800 Pakistan students plead for help to escape WuhanShare your experiences 6.01pm GMT Here’s a quick rundown of all the key coronavirus events from the past few hours: 5.05pm GMT Because of the coronavirus outbreak, oil demand is set to fall year on year in the...
Tags: China, World news, Asia Pacific, Infectious Diseases, International Energy Agency IEA, Coronavirus outbreak, Uber800 Pakistan


‘Grounds for Optimism.’ Global CO2 Emissions Plateaued in 2019, Defying Expectations, Says Report

Global carbon dioxide emissions from the energy sector plateaued in 2019, defying widespread expectations that they would continue to rise, according to a Feb. 11 report by the International Energy Agency (IEA). Emissions fell sharply in some advanced economies, including the U.S. and the E.U., offsetting increases in developing countries and emerging markets, the IEA said. Overall emissions stood at 33 billion metric tons last year — roughly the same amount as in 2018, raising hopes that e...
Tags: News, Climate Change, Germany, India, Uncategorized, IEA, Trump, International Energy Agency IEA, Fatih Birol, Onetime, Jonathan Foley, Nardendra Modi, Laszlo Varro


Oil slides 2% as glut forecast, China virus overshadow Libya disruption - Reuters

Oil slides 2% as glut forecast, China virus overshadow Libya disruption - Reuters:Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya’s crude output.Brent crude LCOc1 ended the session down $1.38, or 2.1%, at $63.21 while West Texas Intermediate CLc1 fell $1.64, or 2.8%, to settle at $56.74.The head of the IEA, Fatih Birol, said he expe...
Tags: Travel, New York, China, Opec, Libya, Reuters, International Energy Agency IEA, Abdulaziz, Rupert Neil Bumfrey, OANDA, Saudi Energy, Edward Moya, IEA Fatih Birol, West Texas Intermediate CLc1


Oil slides 2% as glut forecast, China virus overshadow Libya disruption

Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.
Tags: Money, China, businessNews, Libya, International Energy Agency IEA


Oil slides 2% as surplus forecast overshadows Libya disruption - Reuters

Oil slides 2% as surplus forecast overshadows Libya disruption - Reuters:Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output.  Brent crude LCOc1 was down $1.39, or 2.2%, at $63.20 a barrel by 11:09 a.m. ET (1609 GMT). West Texas Intermediate CLc1 fell $1.46, or 2.5%, to $56.92.The head of the IEA, Fatih Birol, said he expects the market to be in surplus by 1 ...
Tags: Travel, New York, Opec, Libya, Reuters, International Energy Agency IEA, Abdulaziz, Rupert Neil Bumfrey, OANDA, Saudi Energy, Edward Moya, IEA Fatih Birol


Oil slides 2% as surplus forecast overshadows Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.
Tags: Money, businessNews, Libya, International Energy Agency IEA