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Middle Eastern war severely damages 40+ energy facilities — IEA

International Energy Agency Executive Director Fatih Birol said more than 40 energy assets across nine Middle Eastern countries have been “severely or very severely” damaged by the war, warning that global supply chain disruptions could continue even after the conflict ends. Birol said over 40 energy facilities across nine Middle Eastern countries have been severely […]

Energy

IEA urges work from home as global energy crisis deepens

The International Energy Agency has called on people to work from home as the escalating conflict in Iran worsens the global energy crisis. The agency said commuting should be reduced where possible, warning that the worldwide energy shock is becoming “increasingly severe.” It also outlined a 10-point action plan, saying the measures could be quickly […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Business

IEA to release 400m barrels of oil to ease global shortage

The International Energy Agency has announced plans to release 400 million barrels of oil to help ease the global supply shortage. The agency’s Executive Director, Fatih Birol, disclosed this on Wednesday during a broadcast. Birol said the decision followed a unanimous agreement among member countries after supply disruptions linked to the ongoing conflict involving the […]

World

Global coal output to fall after historic 2024 peak — IEA

Global coal production is projected to move into a period of structural decline after reaching a historic plateau, according to the latest report released on Wednesday by the International Energy Agency. The agency noted that after attaining record output levels, global coal production is expected to fall back to 8.6 billion tonnes by 2030, reflecting […]

Oil and Gas

IEA warns of oil surplus in 2025 despite OPEC+ delay

The International Energy Agency has said that the global oil markets will face a glut next year, despite OPEC+’s decision last week to delay supply increases. The IEA predicted in its monthly report that world markets will be oversupplied by 1.4 million barrels a day if OPEC+ follows through with plans to resume output in […]

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