IEA
Coverage of IEA in the Nexus archive.
- US fossil fuel power spending to beat China for the first time in decades
US spending on fossil fuel power is set to surpass China for the first time in decades, driven by a boom in gas turbines to meet demand from data centres, according to IEA figures.
- OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
OPEC's chief dismisses the IEA's forecast of a supply glut, citing the reopening of the Strait of Hormuz. The IEA warned that resolving the conflict could lead to increased supply volumes and a major oil overhang next year.
- From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
The Iran War has triggered an energy supply shock, prompting the IEA to significantly reduce its global oil demand forecast. The situation has shifted from a supply shock to an oil glut, with the IEA highlighting the scale of demand destruction caused by the conflict.
- AI and data sovereignty in Postgres: An answer to the datacenter energy crisis
The global expansion of datacenters faces energy and infrastructure challenges, with communities debating economic benefits against environmental impacts. AI-driven datacenters consume 1.5% of global electricity, projected to double by 2030. Enterprises aim to integrate AI, data, and energy strategies as costs and demand rise.
- Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day, indicating potential volatility in the oil market. The IEA also flagged greater volatility ahead, suggesting uncertainty in the industry. Oil prices may be affected by these forecasts.
- IEA's Bosoni Says Oil Inventories Falling at 'Record Pace'
IEA's Bosoni reports that oil inventories are falling at a record pace. This indicates a significant change in the global oil market. The rapid decline may have implications for the energy industry.
- US moves to release more oil stockpiles under IEA agreement
The US Department of Energy is releasing 53.3 million barrels of oil from its stockpiles due to rising oil prices under the IEA agreement. This move aims to stabilize the market and reduce prices. The action is taken amid increasing global demand and supply chain disruptions.
- Oil Prices Will Soon Converge to Reflect Crisis, IEA Chief Says
The IEA chief predicts oil prices will eventually reflect the ongoing crisis caused by the worst supply disruption in history, linked to the Iran war. Crude prices have surged since the conflict began, with storage tanks at PEMEX Deer Park Refinery in Texas highlighting the market's instability.