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International Energy Agency

6 May
Nigeria and other African countries are now faced with the urgent need to take action on cleaner energy, which offers new market opportunities valued at $27 trillion up till 2050
21 Jan 2021
The International Energy Agency (IEA) has adjusted the crude oil demand recovery outlook for this year by 300,000 barrels per day (bpd) to 5.5 million bpd in its latest Oil Market Report, yesterday.
8 Nov 2020
Executive Secretary, African Refiners and Distributors Association (ARDA) Anibor Kragha, in this interview with KINGSLEY JEREMIAH underscores implications of Africa’s energy outlook, the high level of sulfur in petroleum products, looming health and environmental concerns, and infrastructural challenges in the downstream sector of the continent’s petroleum industry. The African Union and the African Refiners and…
1 Nov 2020
The projection of the International Energy Agency (IEA) has shown that by 2040, one of every two persons born in the world is going to be African.
17 Feb 2020
The global energy-related carbon dioxide emissions stopped growing in 2019 according to a new data released by International Energy Agency (IEA).
25 Dec 2019
With the demand outlook reflecting that the oil market will likely be facing a supply surplus in 2020, many oil majors have begun to explore the write down of their assets for the fourth quarter.
13 Nov 2019
African countries need to invest four times more in electricity than they are investing now in order to expand reliable supply to the whole continent, the International Energy Agency has warned.
6 Nov 2019
The Organization of the Petroleum Exporting Countries (OPEC) has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy.
23 Oct 2019
Global additions of renewable power capacity are set to rise 50% by 2024, with 1,200 GW installed over the next six years, the International Energy Agency said Monday.
8 Apr 2019
As global temperatures rise and the growing energy demands of air conditioning threaten to emit more greenhouse gases, over 20 leaders has committed to a new global effort on clean and efficient cooling, which can make a huge positive impact on climate change. Launched at the First Global Conference on Synergies between the 2030 Agenda…
21 Mar 2019
An increase in the number of new refining capacity, expected to extend till the end of 2024, signifies major competition ahead for the oil industry, with possible shutdowns, the International Energy Agency (IEA), said in its Oil 2019 Report. The IEA noted specifically that such a capacity expansion will require shutdowns to balance, estimating that…
29 Oct 2018
Total Nigeria Plc has commissioned its 30th solar service station, allowing its current installed solar capacity to generate enough energy to power the equivalent of 460 average Nigerian households, according to International Energy Agency (IEA) database. Since the commissioning of Onigbagbo service station in 2013, the first in Nigeria, the projects have saved the country…

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Toyin Abraham confirms that she has no issues in her marriage. The well-known Nollywood actress, is striving to dispel public misconceptions about the stability of her marriage. Recently, Toyin Abraham scolded a worried follower on Twitter for simply inquiring about the status of her marriage. The fan tweeted, “I heard that you are having issues…
1 day ago
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki Deep Seaport arrived in Nigeria on Friday, the News Agency of Nigeria (NAN) reports.
1 day ago
Freedom and democracy have disappeared in Hong Kong, Taiwan's premier said Friday, as Chinese leader Xi Jinping visited the business hub to celebrate the 25th anniversary of its handover from Britain.
1 day ago
France midfielder Moussa Sissoko has joined Nantes from Watford, the Ligue 1 club announced on Friday, ending a nine-year stay in English football.
1 day ago
Ghana said on Friday it was seeking International Monetary Fund (IMF) support for its economy, battered by inflation, a pandemic slump and the war in Ukraine.