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The Latest Breaking News from IEA

Oil Rises from 3-week Low as Tight Supply Concerns Linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent crude futures climbed $1.48 or 1.5%, to $102.55 a barrel at 0442 GMT,…

Asharq Al-Awsat

Woodside's controversial Scarborough LNG project gets final approval amid climate warnings

Final government approvals are granted for Woodside's controversial Scarborough LNG project off WA's north west coast, just days after a major report warns of the catastrophic dangers of fossil fuel emissions.

ABC News

Vitol: Oil Prices Don’t Reflect Risk of Disruptions to Russian Exports

Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader. While Brent surged to almost $140 a barrel soon after Russia’s attack on Ukraine…

Asharq Al-Awsat

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Oil Climbs on Supply Concerns as Iran Talks Stall

Oil prices gained about $1 on Monday as worries over tight supplies persisted after Germany warned of more sanctions on Russia and talks to revive the Iran nuclear deal paused. Brent crude futures were up 94 cents, or 0.9%, at $105.33 a barrel by 0728 GMT while US West Texas…

Asharq Al-Awsat

Morning Brief: Top Stories Dominating Financial Media on Friday, April 1

Reuters IEA Holds Emergency Meeting To Tackle Soaring Oil Prices

Benzinga

IEA Holds Emergency Meeting To Tackle Soaring Oil Prices: Reuters

The International Energy Agency (IEA) is set to hold an emergency meeting Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices,

Benzinga

IEA states agree on coordinated oil release but not volumes

U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of Ukraine, the International Energy Agency said on Friday, without specifying volumes.

Reuters

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OPEC Holds Special Meeting to Ditch IEA Data

OPEC on Thursday held a brief extraordinary meeting to ditch the International Energy Agency from its list of trusted data contributors, an OPEC source said on Thursday. The meeting followed a regular policy decision meeting. Earlier this week, OPEC experts recommended ditching the IEA and choosing consultancies Rystad and Wood…

Asharq Al-Awsat

Biden Administration Mulls Releasing 180M Barrels Of Oil From Strategic Petroleum Reserve: Reuters

As the White House tries to lower fuel prices, the Biden administration considers releasing up to 180 million barrels of oil over s

Benzinga

Carbon neutral quest

Setting net-zero targets has moved higher on many Asian corporate agendas.

Bangkok Post

Household appliance energy efficiency programs cut power bills and emissions — but they are out of date

Some of Australia's energy standards for household appliances are out of date or missing completely. Updating them could save households money and massively reduce emissions over time.

ABC News

Nations 'united' in seeking to cut Russian oil, gas imports

Dozens of nations, including the United States and much of Europe, say they're united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Ban on Sunday driving, car sharing and speed limit cut among 10-point plan to tackle oil crisis

"The world may well be facing its biggest oil supply shock in decades"

Nottingham Post

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Chronicle Live

E-scooter use up nine per cent across Newcastle and Sunderland as fuel prices reach all-time high

Provider Neuron expects more riders to consider affordable alternative forms of transport such as e-scooters in their daily commutes to avoid the cost of filling up their cars.

Chronicle Live

Proposals to ban Sunday driving and cut motorway speed to 64mph limit to save oil

The International Energy Agency, who advise the UK Government, has a 10 point plan for reducing our reliance on oil amid high fuel and petrol prices

Leeds Live

Cars could be banned on Sundays and speed limits slashed as oil crisis continues

The plan is aimed to limit the UK's reliance on Russian oil as invasion of Ukraine continues

Irish Mirror

Lower speed limits and no driving on Sundays proposed to save oil as Ireland and global prices soar

In the face of the emerging global energy crisis, the IEA’s 10-Point Plan to Cut Oil Use proposes 10 actions that can be taken to reduce oil demand

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Manchester Evening News

Calls to lower motorway speed limit to 64mph and ban people from driving in cities on Sundays

An international body has called for the controversial measures to reduce oil reliance

Nottingham Post

Calls for ban on Sunday driving and new motorway limit to tackle oil crisis

The world is facing its biggest oil supply shock in decades

Liverpool Echo

Oil crisis plan could see Sunday driving banned and motorway speed limit cut to 64mph

It comes ahead of the Chancellor’s Spring Statement in which fuel duty is tipped to be cut by 5p a litre

Daily Record

Motorists could face Sunday driving ban and 64mph motorway speed limit to save fuel

Working from home three days a week, cheaper public transport and more car sharing could also be options to cut fuel consumption.

Daily Mirror

Calls to ban Sunday driving and cut motorway speed limit to 64mph to tackle oil crisis

It comes ahead of the Chancellor’s Spring Statement in which fuel duty - a tax paid on petrol and diesel prices – is tipped to be cut by 5p-a-litre, reducing it from 57.95p to 52.95p on every litre

Benzinga

Top News In Fintech And Beyond For March 22, 2022

👉 Top Things To Know In TradeFi

The Guardian - UK

After Ukraine, how will the world replace Russia’s oil products?

A report from the International Energy Agency makes clear that viable alternatives are limited

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