INTERNATIONAL ENERGY AGENCY
Oil releases from IEA emergency stocks to pick up through February, agency says
Included in the release will be around 15 million barrels of diesel which are scheduled to be released by end-February, almost entirely from government stocks in France and Germany, at a pace of 4 million to 5 million barrels in January before easing in February, the IEA said in a monthly report.
Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA
According to the International Energy Agency, the global oil market is set to rebalance by late 2026. Global oil production is expected to recover faster than demand, resulting in a surplus. The demand for oil is projected to decline by 2.7 million barrels per day in 2026. Despite easing crude prices, tight supplies of refined products continue to challenge energy markets.
The foreign student cash cow is running dry as US, UK & others tighten visa rules
As major study destinations tighten visa and migration rules, universities in the UK, Canada, Australia and parts of the US are facing pressure from weaker international enrolments and lower fee income, particularly in postgraduate programmes. The impact is uneven, but institutions heavily dependent on overseas students risk deficits, restructuring and cuts as visa restrictions expose how closely their finances have become tied to international tuition.
Hammack, Goolsbee signal need for restrictive rate policy as inflation persists
Cleveland Fed President Beth Hammack called for higher interest rates to bring inflation back to the 2% target, warning that persistent price pressures could entrench inflationary expectations. Chicago Fed President Austan Goolsbee also expressed concern, saying October inflation data remained elevated and showed no meaningful improvement.
MEA says "power grid integration" with ASEAN is promising as India eyes deeper digital cooperation
India is looking to solidify partnerships with ASEAN countries in digital public infrastructure and telecommunications. The country seeks to leverage its experience in power grid integration for regional energy security. Prime Minister Narendra Modi's upcoming visit to the Philippines will coincide with the 49th ASEAN Summit. Various world leaders will participate in discussions on regional cooperation and challenges.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
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Renewables helped India save over $100 billion in fuel imports since 2011: IEA
India's expansion of renewable energy capacity has helped the country avoid more than USD 100 billion in coal and natural gas import costs between 2011 and 2025, highlighting the economic and energy security benefits of generating more electricity domestically, according to a report by the International Energy Agency (IEA).
India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
India weighs replacing old wind turbines to boost capacity by 50% without acquiring land
India is exploring a plan to replace ageing, smaller wind turbines with larger, more efficient machines to increase generation at existing sites without acquiring additional land. The Indian Wind Turbine Manufacturers Association estimates that 5-8 GW of old wind capacity could be repowered immediately, potentially raising capacity at these sites by nearly 50%. The initiative is being discussed with states including Gujarat, Maharashtra and Karnataka as India seeks to accelerate wind power deployment and meet its clean energy targets.
Global climate talks open with big questions, smaller goals
Climate negotiators from nearly 200 countries are attending COP31 in Antalya, Turkey, to address rising global temperatures and emissions. The summit will focus on achieving existing commitments rather than making ambitious new goals amidst geopolitical tensions and financial constraints.
US stocks: Dow Jones rallies 500 points, Nasdaq over 2% as chip stocks rebound; Nvidia probe weighs
Wall Street's indexes climbed as investors honed in on Nvidia CEO Jensen Huang's investigation and awaited crucial inflation data. Nvidia's shares faced declines due to worries over foreign intelligence, yet analysts proposed that the sell-off in AI stocks was potentially overblown. Tech giants like Microsoft and Alphabet, along with chip manufacturers such as Marvell and Broadcom, enjoyed substantial gains.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
BOJ's Ueda sees upside risks to inflation, says price growth may accelerate into early 2027
Bank of Japan Governor Kazuo Ueda flagged upside risks to inflation, warning that rising energy costs could accelerate price growth into early 2027. He said the central bank was targeting sustainable 2% inflation while monitoring global monetary policy, AI-related market risks and cybersecurity threats to financial stability.
Enough of COP Jamborees
Falling solar and battery costs have made renewable energy commercially competitive with coal in India. As COP31 begins in Turkiye, the focus should shift to accelerating electrification of transport, promoting agrivoltaics, investing in transmission and grid stability, and ensuring reliable payments by discoms to sustain the country's green transition.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
US-Iran war: Tehran says forces 'stronger' than at beginning of war
Iran has asserted that its military has become stronger following the onset of its conflict with the United States. The United States has offered a $20 million reward for information related to Iran's nuclear programme. Both nations have engaged in dialogue to find a resolution to the ongoing crisis, which has affected their economies and military capacities.
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEA
Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).
US military carries out new targeted strike on Iran as Tehran's leaders weigh mediator's proposals
The U.S. military carried out limited strikes on Iran, targeting its air defense systems in response to ongoing tensions. US President Trump stated the military action was minor and efficient, completed in minutes. Concurrently, Iran is reviewing proposals from Qatar aimed at addressing differences related to its nuclear program. Defensive military actions followed the recent midterm elections, affecting Trump's position on conflict resolution.
US offers $20 mn reward for info on 'Iran's nuclear program': CENTCOM
Washington has announced a reward of up to $20 million for information regarding Iran's nuclear program and associated personnel. President Trump emphasized that Iran's military strength has been significantly weakened during the ongoing conflict. Additionally, he stated that Iran is now eager to negotiate a peace deal to end hostilities. Diplomatic efforts to prevent further fighting are being pursued by mediators.
Iran reviewing proposals on Tehran's nuclear programme, officials say
Iran is reviewing proposals made by Qatar that aim to address its nuclear program and tensions with the US. As part of these discussions, Iran is demanding certain core conditions be met by the US. The White House acknowledged ongoing discussions but did not comment on the proposed measures. Regional leaders have engaged in diplomatic talks to ease tensions, with emphasis on political solutions.
India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEA
The trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevated international prices reshape supply and consumption patterns. The IEA said the outlook would remain influenced by global supply availability and domestic production trends.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
Hong Kong stocks jump 3%, China shares edge higher as tech stocks rally
Hong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Tencent drove gains, while mainland Chinese equities advanced modestly. Energy stocks tumbled as crude oil prices plunged on hopes of easing geopolitical tensions.
Google unveils $15 billion data centre investment in Malaysia
Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and other infrastructure as demand booms for artificial intelligence services. It said the $15 billion investment will be made "over the next two years (2027 to 2028)", expanding on a $2 billion investment announced in 2024.
Investors commit nearly $400 billion to India's green energy sector, says Pralhad Joshi
Investors have shown significant interest in committing nearly $400 billion to India's green energy initiatives. Renewable energy minister Pralhad Joshi stated that this investment comes from both domestic and international companies. India needs approximately $220 billion by 2030 to fulfill its renewable energy targets. Discussions included challenges regarding solar cell availability and the ongoing development of energy storage systems.
After Japan and Korea, now Singapore: UP's big plan to build a foreign-style city near Noida airport; check location, sectors and investment plans
Uttar Pradesh is planning to develop a dedicated 'Singapore City' in Sector 7 near Noida International Airport at Jewar to attract foreign investment and boost regional growth. Following talks between Chief Minister Yogi Adityanath and a Singapore business delegation, the proposed project will focus on logistics, semiconductors, data centres, AI, green energy and modern urban infrastructure.
Renewable energy key to India's energy security, German envoy Jasper Wieck says
Germany underscores the critical role of renewable energy in fortifying energy security for India. During recent discussions, German Ambassador Jasper Wieck highlighted the necessity for India to domestically produce solar panels and batteries. The Bharat Renewable Energy Summit is instrumental in establishing partnerships between Indian and German firms for local production.
US greatest threat to nuclear non-proliferation regime: Iran blasts Washington over strike threats
Iranian Foreign Ministry spokesperson Esmail Baghaei has condemned the United States as a significant threat to nuclear non-proliferation. He emphasized that international bodies fail to respond adequately to US threats against Iran's nuclear facilities. Baghaei affirmed Iran's commitment to the Nuclear Non-Proliferation Treaty despite external pressures and accusations. The spokesperson rejected calls for immediate inspections of Iranian sites, citing bias from the International Atomic Energy Agency.
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