IEA
Increase in renewable energy curbs emissions growth in 2025, IEA says
Global emissions growth slowed in 2025. Solar power expansion in developing nations helped balance emissions increases in advanced economies. India saw emissions fall for the first time in normal economic conditions. China also recorded lower emissions due to leading solar capacity additions. The United States experienced an emissions rise.
Loss of energy output in Middle East will take about two years to recover, IEA says
Energy output in the Middle East will take about two years to recover from conflict losses. Fatih Birol, head of the International Energy Agency, warns of significantly higher energy prices if the Strait of Hormuz remains closed. New oil and gas shipments were not loaded in March, creating a noticeable gap.
Jet fuel supplies are lagging. What does that mean for airlines and travelers?
A looming jet fuel shortage in Europe and Asia, triggered by the Iran war and the closure of the Strait of Hormuz, could significantly disrupt global travel within weeks. Airlines face higher airfares and potential flight cancellations as jet fuel prices have doubled, impacting the summer travel season.
Europe has 'maybe 6 weeks of jet fuel left', energy agency head warns
Europe faces a critical shortage of jet fuel, with only about six weeks of supply remaining, according to the IEA head. The ongoing Iran war and blocked Strait of Hormuz threaten global energy supplies, potentially leading to flight cancellations and severe economic repercussions, especially for developing nations.
Europe may run out of jet fuel in 6 weeks: Why IEA warns Europe could face flight chaos as Iran war sparks a global energy crisis
Europe jet fuel shortage: Europe faces a potential six-week jet fuel shortage due to ongoing supply blockages from the Iran war, raising concerns about flight cancellations. The International Energy Agency warns of the largest energy crisis ever, with restricted Strait of Hormuz access impacting global economic growth and inflation through rising fuel prices.
Russia launches massive drone, missile barrage on Ukraine, at least 16 dead
Russia launched one of its largest recent aerial assaults on Ukraine, firing nearly 700 drones and multiple missiles in strikes that killed at least 16 people and injured over 80, officials said. The hours-long barrage hit cities including Kyiv, Odesa and Dnipro, with Ukrainian air defences intercepting most incoming targets but several strikes causing civilian casualties and damage. President Volodymyr Zelenskyy urged continued Western support for air defence systems, warning against easing pressure on Moscow as attacks on civilian areas persist.
- Go To Page 1
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
IMF cautions countries against broad fuel subsidies to deal with war-driven energy shock
Global finances face new pressure from the Middle East conflict. Rising energy prices and interest rates strain economies. The IMF advises against fuel subsidies, favoring direct cash aid. Countries must manage higher energy costs to reduce consumption. Global government debt is projected to reach 100% of GDP by 2029, the highest since World War Two.
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls
Leaders are appealing for energy stocks to flow freely to markets. Countries facing severe impacts are being consulted on supply concerns.
IMF, World Bank and IEA aim to have calls every two weeks to assess war's impact
International Monetary Fund chief Kristalina Georgieva said global institutions plan biweekly calls to monitor energy market disruptions from the Middle East conflict. She also urged countries not to hoard oil or restrict exports to avoid worsening supply shocks.
US doesn't 'have time for Ukraine' because of Iran war: Zelensky
Ukrainian President Volodymyr Zelensky stated US peace negotiators are preoccupied with Iran. He highlighted concerns about delayed US arms deliveries crucial for Ukraine's defense. Zelensky mentioned this issue impacts PAC-3 and PAC-2 interceptor missiles. He spoke alongside Norwegian Prime Minister Jonas Gahr Store, announcing enhanced defense cooperation and Ukrainian drone manufacturing in Norway.
IEA: Global oil demand to decline in '26, a first since Covid
While oil futures registered an unprecedented surge in March, they remain considerably below record levels and the price of actual cargoes, trading at just under $100 a barrel in London. This "disconnect" between futures and physical markets is becoming "increasingly acute," according to the report.
PM Modi speaks to Trump on importance of keeping Strait of Hormuz "open and secure"
Prime Minister Narendra Modi and US President Donald Trump engaged in a nearly 40-minute phone call, their first since the US-Israel war with Iran commenced on February 28. Details remain scarce as the world faces an energy crisis due to the ongoing Middle East conflict. US Ambassador Sergio Gor affirmed that India-US relations are robust.
US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring
U.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warns
Ukraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with the International Energy Agency warning of potential disruptions to refining operations. With about 80% of India’s Russian imports routed through these hubs, any prolonged outage could tighten feedstock availability, even as reliance on discounted Russian crude has surged and alternative supplies remain limited.
Iran war upends IEA's oil market outlook as global supply and demand to contract in 2026
The International Energy Agency forecasts a global oil supply and demand fall due to the Iran war, citing the largest supply disruption in history. Demand growth is now predicted to drop by 80,000 bpd, with significant cuts in the Middle East and Asia-Pacific. Global output is expected to decrease by 1.5 million bpd this year.
Russia’s oil revenues nearly double to $19 billion in March: IEA
According to the IEA, Russia’s crude oil exports rose by 270,000 barrels per day (bpd) month-on-month to 4.6 million bpd in March.
Oil prices fall as US-Iran dialogue hopes ease supply concerns
Oil prices dropped as talks between the U.S. and Iran offered hope for de-escalation. This eased worries about supply disruptions from the U.S. blockade of the Strait of Hormuz. Brent and WTI crude futures saw declines. Analysts suggest tight oil balances could keep prices elevated. International bodies urged nations to avoid hoarding energy supplies.
Bangladesh schools to go online in energy crunch
Bangladesh will launch a hybrid school system with virtual and in-person classes on a pilot basis next week to help with the energy crunch sparked by the Middle East war. The South Asian nation of 170 million people imports 95 percent of its oil and gas needs, much of it from the Middle East, where supplies have been restricted after weeks of conflict.
Taking a stock: Amid oil volatility, India and others keep reserves steady
India vs Global Petroleum Oil Reserve Strategy: India is expanding its oil reserves amid global supply concerns. Prime Minister Modi highlighted the growth in strategic reserves and diversified crude sourcing. Major economies like the US, Japan, and China are also increasing their stockpiles. The International Energy Agency coordinates releases during crises. India aims to align with global norms by enhancing storage capacity.
Middle East rebuild opportunity emerges after ceasefire; Indian EPC stocks rally
A ceasefire between the United States and Iran offers hope for Middle East peace and rebuilding. Indian construction and EPC companies are poised to benefit from massive reconstruction projects. Companies like L&T, KPIL, and KEC International have significant exposure to the region. Damage to energy assets across nine countries will require extensive repairs and new infrastructure development.
IEA hails India as nuclear reactor achieves criticality
India has achieved a major milestone with its Prototype Fast Breeder Reactor at Kalpakkam attaining criticality. This indigenous reactor is now ready to begin generating power. The achievement marks a significant advancement in India's civil nuclear journey and its second stage of nuclear development. It showcases India's scientific and engineering prowess and its commitment to energy security.
Current oil and gas crisis worse than 1973, 1979, 2022 together, says IEA chief
The oil and gas crisis triggered by Iran’s blockade of the Strait of Hormuz is more severe than the crises of 1973, 1979 and 2022 combined, Fatih Birol said. “The world has never experienced a disruption to energy supply of such magnitude,” he said.
Crude oil prices to stay high as Hormuz Strait crisis deepens; Probal Sen on what it means for Indian markets
India's oil producers and refiners face a volatile energy market. Disruptions in the Strait of Hormuz are causing crude oil prices to rise sharply. This situation is expected to persist, impacting earnings for companies like ONGC and Oil India. Oil marketing companies are absorbing losses. Reliance Industries also faces challenges. A quick return to pre-conflict prices is unlikely.
Measures to address the war's fallout lie outside MPC's remit - GoI and RBI must step up
The Reserve Bank of India's Monetary Policy Committee meets amid a West Asian war. This conflict disrupts supply chains and raises crude oil prices. Inflation is rising while growth shows signs of slowing. The committee must navigate these challenges. The government and RBI are taking steps to manage the rupee's depreciation. Future economic projections will be crucial.
US Iran War Day 34 Updates: Trump promises harder strikes; Iran denies talks as conflict drags on
US Israel Iran News Day 34: The Iran-Israel war intensifies on its 34rd day with ongoing military exchanges and sharp rhetoric. Despite President Trump's assertions of nearing US objectives and a potential wind-down, Iran dismisses these claims as irrational and denies ceasefire talks, signaling a prolonged and volatile phase ahead.
Why are oil prices surging after Trump’s Iran threats — and will Brent crude break $110? Here’s latest oil price analysis, crude oil surge, energy market outlook, and global oil price forecast
Oil prices surged sharply on April 2, 2026, as Brent crude climbed above $107 per barrel and WTI hit $108.36. US President Donald Trump warned of “extremely hard” strikes against Iran in the next two to three weeks. The Strait of Hormuz remains largely blocked, halting roughly 20% of global oil shipments. Markets across Europe and Asia reacted with declines, reflecting fears of prolonged disruption. Oil price analysis shows strong upside pressure. The crude oil forecast now points to volatility, risk premium, and sustained bullish momentum.
IEA, IMF and World Bank to form a coordination group for Middle East conflict impact
Global financial bodies are uniting to tackle the Middle East conflict's fallout. The International Energy Agency, IMF, and World Bank will coordinate responses to energy and economic shocks. This group will assess impacts, coordinate aid, and mobilize support for affected nations. Higher prices for oil, gas, and fertilizers are already a concern, impacting food security and global supply chains.
‘Middle East crisis worse than the 1970s oil shocks and 2022 Russian gas disruption combined,’ IEA chief Birol warns
The world is witnessing unprecedented turmoil in energy markets as tensions in the Middle East escalate beyond previous oil crises. With over 12 million barrels of oil gone, jet fuel and diesel shortages are currently plaguing Asia and are anticipated to spill over into Europe shortly.
Load More
