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International Energy Agency

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…
26 Oct 2018
International Energy Agency (IEA) has said that trade disputes, which are currently affecting big oil exporters, have further stimulated global demand for oil.

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52 mins ago
Actor Jimmy Odukoya has posted a picture of the film set of the Hollywood film The Woman King, which he stars in.  In a post shared on Instagram, the actor uploaded a picture of trailers on the film's set. The movie will mark the Nigerian actor's Hollywood debut. "Let no man put limits on your life!…
1 hour ago
The operatives of the Association of Refineries and Petroleum Marketers (ANRPM) and men of the Inspector General of Police from Special task force on petroleum and illegal bunkering unit on Friday bust a gang of suspected oil thieves of Petroleum products at Church Gate, close to the Nigerian National Petroleum Corporation (NNPC) Abuja. The oil…
1 hour ago
Torrential rains from deadly Tropical Storm Ana subsided on Friday leaving tens of thousands of people across three countries in southern Africa cut off by flood damage, without power and living in shelters.
1 hour ago
In a move to increase job creation through agriculture, the National Agricultural Land Development Authority (NALDA) is set to commission Integrated Farm Estates in Abia and Imo state. The farm estates located in Elu Elu, Ikwano Local Government area of Abia state and the Acharaugo Emekuku estate in Owerri North Love cal Government area of…
1 hour ago
President Vladimir Putin told French counterpart Emmanuel Macron on Friday that the West was ignoring Moscow's security concerns over Ukraine but added that Russia would hold off from taking action immediately.