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International Energy Agency

Global Enterprise

Oil, gas crisis triggered by Iran’s Hormuz blockade worse than 1973, 1979, 2022 together: IEA chief

Countries most at risk were developing nations which will suffer from higher oil and gas prices

Further oil reserves can be released as necessary if the Iran war further disrupts global energy markets over the coming days and weeks, IEA executive director Fatih Birol said.
Global Enterprise

Over 40 Middle East energy assets ‘severely damaged,’ IEA says

Asia is at the forefront of this crisis, because of its heavy reliance on crude from the region

Buyers in Asia are most reliant on flows from the Middle East, so the speed of reserve releases is particularly key for the region. 
International

Over 400 million barrels of emergency oil reserves to flow to global markets, starting with Asia immediately: IEA

Supply for Europe and the Americas will be made available from end-March

The Strategic Petroleum Reserve currently contains roughly 415 million barrels, about 60% of its capacity, following a series of withdrawals by the Biden administration.
Energy & Commodities

US to release 172 million barrels of oil for IEA relief plan

Crude, petrol, diesel and jet fuel prices have climbed dramatically since the US and Israel began their military campaign against Iran on Feb 28

Resource-scarce Japan is vulnerable to disruptions to energy flows, as the war in the Middle East upends global oil and gas markets.
Energy & Commodities

Japan to release 80 million barrels of oil from reserves

Governments are seeking to contain a surge in energy prices driven by the Middle East war

Trump is facing political pressure to address rising fuel prices that have been driven up by the spike in oil prices.
Energy & Commodities

Trump signals US will tap oil reserve to ease price shock

The Strategic Petroleum Reserve currently contains about 415 million barrels

China has about 1.4 billion barrels of crude in strategic storage, according to estimates from Columbia University’s Center on Global Energy Policy.
Energy & Commodities

Can tapping oil reserves tame the Iran war price shock?

China has in recent years built up what appears to be an even larger reserve capacity

Machinery transferring coal at a port in southwestern China. Demand in the country is expected to fall slightly by 2030 as renewable capacity increases.
Global Enterprise

Global coal demand hits record high this year but is set to decline by 2030: IEA

It is forecast to rise 0.5% in 2025 to a record 8.85 billion tonnes

Solar photovoltaic systems are expected to account for nearly 75% of total renewable capacity additions in the region, with utility-scale projects making up most of the growth.
ESG

Renewable capacity in Asia-Pacific ex-China to almost double over next 5 years: IEA

International Energy Agency notes in a recent report that the growth will be led by India, followed by South-east Asia

Global renewable power capacity is now expected to rise by 4,600 GW by 2030, down from a forecast of 5,500 GW in 2024, with solar accounting for about 80% of the increase.
Energy & Commodities

IEA trims renewables outlook as US policy shifts and China auction reforms weigh

The downgrade is partly offset by stronger outlooks elsewhere

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