IEA
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IEA: Iran conflict creates energy crisis worse than 1970s shocks
The IEA reports the Iran conflict has caused a daily loss of 11 million barrels of oil, triggering a global energy shortage worse than past crises.
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US Gas Prices Surge Amid Iran Conflict, International Reserves Tapped
Average U.S. gas prices have climbed to $3.60 per gallon, the highest since May 2024, as the conflict involving Iran disrupts global oil supplies and prompts a record release from international energy reserves.
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Brent Crude Oil Surges Past $100 Amid Escalating Middle East Tensions
Brent crude oil prices have climbed above $100 per barrel, driven by intensified attacks on shipping routes by Iran, exacerbating global supply concerns and market volatility.
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IEA Proposes Record Oil Release Amid Middle East Conflict
The International Energy Agency is considering its largest-ever strategic oil reserve release, potentially 300-400 million barrels, to stabilize markets amid escalating conflict in the Middle East.
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G7 Eyes Emergency Oil Release as Middle East Conflict Pushes Prices Over $115
An urgent meeting between G7 finance ministers and the IEA will address the spike in crude prices over $115 due to Middle East conflict and supply disruptions.
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Global Electricity Surge by 2030 Demands Urgent Grid Investment, IEA Says
The International Energy Agency’s ‘Electricity 2026’ report forecasts a significant global electricity demand surge, stressing the urgent need for massive investment in power grids and system flexibility to avoid critical bottlenecks in the energy transition.
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Trump’s Green Energy Reversal Drives Global Coal Demand to New Highs in 2025
A surge in global coal demand is unfolding in 2025, fueled by the second Trump administration’s rollback of renewable energy policies, marking a sharp reversal for U.S. energy trends and sparking worldwide implications.
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Europe Predicts Sharp Decline in Gas Prices
By the end of 2024, the average price of 1,000 cubic meters of natural gas at Europe’s largest TTF hub in the Netherlands will be 18 percent lower compared to 2023. This is reported by analysts at the International Energy…