IEA sees 2025 oil market in supply surplus LONDON: The world’s demand for oil will fall short of supply by more than 1 million barrels per day (bpd) in 2025... Published 14 Nov, 2024 02:14pm
World World heading into ‘the Age of Electricity’: IEA PARIS: More than half of the world’s electricity will be produced by low-emission sources before 2030 but the... Published 16 Oct, 2024 12:34pm
Business & Finance Speakers advocates for balanced energy mix ISLAMABAD: While acknowledging the past mistakes of successive governments, speakers at a seminar advocated for a... Published 12 Oct, 2024 06:50am
Markets China to remain world’s top LNG buyer in 2024-25, IEA says HIROSHIMA: China is set to remain the world’s top buyer of liquefied natural gas (LNG) this year and next because of... Published 07 Oct, 2024 12:10pm
Markets Global oil demand growth slows as China slumps: IEA PARIS: Global oil demand grew at its slowest pace since 2020 in the first half of 2024 due to China’s economic... Published 12 Sep, 2024 02:25pm
Markets Global oil demand growth slowing: IEA PARIS: Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and... Published 14 Aug, 2024 06:40am
Markets Global oil demand growth slowing: IEA PARIS: Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and... Published 13 Aug, 2024 05:57pm
Markets Oil demand growth slowing, China consumption dips: IEA PARIS: The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues ... Published 12 Jul, 2024 05:43am
Markets Oil demand set to peak by 2029, major supply glut looms, IEA says LONDON: Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency... Published 12 Jun, 2024 01:17pm
Markets Russia is China’s top oil supplier for a 12th month in April Russia China’s top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official... Published 20 May, 2024 10:20am
World IEA warns of key energy mineral shortage risk PARIS: The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage... Published 17 May, 2024 11:53am
Markets IEA trims 2024 oil demand growth forecast, widens gap with OPEC LONDON: The International Energy Agency (IEA) on Wednesday trimmed its forecast for 2024 oil demand growth, widening... Published 15 May, 2024 08:57pm
Markets Oil settles up on ME tensions NEW YORK: Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a... Published 13 Apr, 2024 03:49am
Markets OPEC, IEA at most divided on oil demand since at least 2008 LONDON: Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of... Published 28 Mar, 2024 06:30am
World Nuclear power absolutely needed to reach climate goals, IEA’s Birol says BRUSSELS: Nuclear power is absolutely needed to reach worldwide climate goals, the head of the International Energy... Published 21 Mar, 2024 01:35pm
Markets Oil prices climb as attacks on Russian energy facilities intensify LONDON: Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as... Updated 18 Mar, 2024 05:29pm
Business & Finance IEA raises oil demand outlook again but still lags OPEC LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time ... Published 15 Mar, 2024 04:14am
World Methane emissions from energy sector rose in 2023: IEA PARIS: Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite... Published 13 Mar, 2024 11:58am
Business & Finance OPEC sticks to oil demand view, nudges up economic growth LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, ... Published 13 Mar, 2024 06:32am
Markets Oil prices rise slightly as OPEC retains demand forecasts NEW YORK: Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC’s demand... Updated 12 Mar, 2024 09:56pm
Markets Energy-related CO2 emissions hit record levels in 2023: IEA PARIS: Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous... Published 01 Mar, 2024 11:48am
Markets IEA to expedite 2025 oil demand forecast, OPEC also moves early LONDON: The International Energy Agency is bringing forward publication of its first 2025 oil demand forecast to... Published 26 Jan, 2024 04:58am
Markets King coal set to lose crown for electricity production: IEA PARIS: Renewables are set to displace coal as the top source of energy for electricity production globally in 2025,... Published 24 Jan, 2024 12:53pm
Markets Oil heads for weekly gain as Middle East tensions support LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output... Updated 19 Jan, 2024 05:19pm
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Markets World added 50% more renewable energy capacity last year over 2022: IEA PARIS: The world added 50 percent more renewable energy capacity in 2023 over the year before, the International... Published 11 Jan, 2024 12:08pm
Markets Oil prices on track for first weekly rise in two months LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a... Updated 15 Dec, 2023 03:36pm
Markets Oil rises more than 3pc on weaker dollar, IEA demand upgrade NEW YORK: Oil prices rose more than 3% on Thursday, extending the previous session’s gains, boosted by a weaker... Published 15 Dec, 2023 03:12am
Print OPEC+ cartel’s grip on oil market loosening: IEA PARIS: Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to... Updated 15 Dec, 2023 09:22am
World COP28 pledges so far not enough to limit warming to 1.5C: IEA DUBAI: A raft of new pledges announced at the COP28 climate summit - from tripling renewables to reining in methane... Updated 10 Dec, 2023 09:53pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points