International Energy Agency
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Carbon dioxide emissions reached a record high in 2022
•Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900, a result of air travel rebounding from the pandemic and more cities turning to coal as a low-cost source of power
Asia set to use half of world's electricity by 2025: International Energy Agency
•By contrast, Africa — home to almost a fifth of world's nearly 8 billion inhabitants — will account for just 3% of global electricity consumption in 2025
Global emissions will peak in 2025, says International Energy Agency
•IEA energy outlook report's scenario is based on prevailing policy settings that see a definitive peak in global demand for fossil fuels
How a Ukraine conflict could reshape Europe’s reliance on Russian energy supplies
•Diplomatic proposals to counter Russia’s buildup centre on sanctions that could limit energy trade
Why Opposition’s claims on oil price rise are nothing but crude propaganda
Sanju Verma •Fuel prices have risen not only in India, but elsewhere too. Even if one ignores it, the fact is that state government taxes account for 41.67 per cent of the final petrol price
Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity
•Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes-its lowest since 2007, government data showed on Saturday.
Oil bounces back as rising stockpiles seen pointing to lower output; coronavirus pandemic ravages demand
•The figures followed a report from the International Energy Agency (IEA) that forecast oil demand would fall by 29 million barrels per day (bpd) in April, to the lowest in 25 years, and just below 30 percent of global demand before the coronavirus outbreak.
Evidence of coronavirus' effect on US economy grows more ominous, will shrink 7% in 2020, predict economists
•Retail sales—a primary driver of the US economy—are almost surely suffering further during April because business shutdowns will have been in effect for the entire month, compared with just half of March
Oil crisis: Saudi Arabia, Russia fracas over production cut sends prices crashing; puts Africa's cash-strapped producers in peril
Fp Staff •A three-year supply pact between the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers, including Russia, fell apart this month after Moscow refused to support Riyadh’s plan for deeper production cuts,
Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'
Shreerupa •The exacting decision by Riyadh to spike production was triggered by the failure on Friday to strike a deal with Russia on a new round of OPEC+ production cuts to arrest swooning oil prices owing to the novel coronavirus.