Tag: oil

IEA: Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global...

CO2 emissions from EU territorial energy use: -2.8 percent

According to Eurostat estimates, in 2022, the EU carbon dioxide (CO2) emissions from fossil fuel combustion (oil and oil products, natural gas, coal and peat) for energy use in the EU territory...

Nord Stream Methane Leaks are ‘World’s Worst’ – What Does it Mean for Climate Change?

Methane is one of Earth’s most dangerous gases for climate change. And record levels of it are thought to be leaking into the atmosphere from four ruptures in the Nord Stream 1 and...

Power-sector Emissions are Set to Fall in 2022. – Thanks to Renewable Energy

Since Russia’s invasion of Ukraine triggered an unprecedented global energy crisis, the world has been turning to other sources of power, besides oil and gas, to meet demand. Renewable energy has seen a...

Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA

Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies...

Ban on Export of all Types of Oil Lifted

The Serbian government decided to lift the ban on the export of all types of oil after a complete review of the state of stocks, as well as record areas under sunflower...

How Secretive Methane Leaks are Driving Climate Change

Massive methane leaks, known as super-emitter events, have been taking place at oil and gas fields all over the world, from the United States to Turkmenistan. The releases, most of which can...

Limited Prices Of Basic Foodstuffs

At session, the government of the Republic of Serbia adopted the Decree on limiting the price of basic foodstuffs, in order to protect the market and prevent distortions in the formation of...

COVID-19 Slows Progress Towards Universal Energy Access

The COVID-19 pandemic has been a key factor in slowing progress toward universal energy access. Globally, 733 million people still have no access to electricity, and 2.4 billion people still cook using...

Achieving the Community Goals Through Investments in Energy Efficiency

Situated in the heart of Serbia and surrounded by the mountains Jelica, Ovčar, Kablar, and Vujan, Čačak is a city proud of its rich history. As one of the largest cities in...

REPowerEU: A Plan to Rapidly Reduce Dependence on Russian Fossil Fuels and Fast Forward the Green Transition

The European Commission has presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by war in Ukraine. There is a double urgency to transform Europe's energy system: ending the...

IEA Member Countries Agree to New Emergency Oil Stock Release in Response to Market Turmoil

The International Energy Agency’s 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by conflict between Russia and Ukraine,...

New Report: Is the Solution to Water Crises Hiding Right Under Our Feet?

Groundwater accounts for 99 percent of all liquid freshwater on Earth. However, this natural resource is often poorly understood and consequently undervalued, mismanaged and even abused. According to the latest edition of...

Oil Market Report Highlights – March 2022

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary...

The Joint Technical Committee Meets to Review Oil Market Conditions

The Joint Technical Committee (JTC) of the Declaration of Cooperation (DoC) held its 60th Meeting today via videoconference to examine the latest developments in the global oil market. The OPEC Secretary General, HE...

Hydrogen Economy Hints at New Global Power Dynamics

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, according to new analysis by the International Renewable Energy Agency...

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