Tuesday, 22 April 2025

Focus on International Energy Agency

FILE PHOTO: Workers ride a motorcycle past one of the access to the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024. REUTERS/Luis Manuel Lopez/File Photo
NewsOilTrade

Mexico seeks more 2025 fuel import deals after refinery delays

Due to Olmeca refinery problems, Mexico fuel imports set to rise as Pemex talks to overseas refiners about possible trading deals.

People watcing the sunrise at Cullercoats Bay, North Tyneside on what became the UK’s hottest day on record (Owen Humphreys/PA)
ClimateEmissionsEnvironmentNewsPoliticsResiliencyUnited NationsWeather

UN chief warns of harms from ‘crippling heat’ amid record temperatures

UN Secretary-General Guterres warns of "crippling heat" amid record-breaking global temperatures, urging urgent action on climate change and protection for vulnerable populations.

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures during the inauguration of the Dos Bocas refinery from the Mexican state-run oil producer Petroleos Mexicanos (PEMEX) in Paraiso, Tabasco state, Mexico, July 1, 2022. REUTERS/Edgard Garrido/File Photo
NewsOilPolitics

Declining Mexican crude output could shatter energy independence hope

Shortfall in domestic crude supply could see Mexico increasing imports to feed the $17bn refinery built by previous president.

Negative wholesale electricity prices are becoming more common as more wind and solar polar comes on line and doesn't always reduce output when demand falls (AFP)
EconomyElectricityInfrastructureNewsSolarWind

Renewables overproduction turns electricity prices negative

While consumers enjoy negative electricity prices, the renewables industry fears it will foster 'dangerous rhetoric' about the future of green energy.

Electrician A. Prakash checks the parameter of the output breaker of a 500-kilowatt battery energy storage system inside the Hindustan Coca-Cola Beverages factory in Thiruvallur district, on the outskirts of Chennai, India, Tuesday, July 16, 2024. (AP Photo/Mahesh Kumar A.)
AnalysisBusinessCritical MineralsElectricityIn-DepthInfrastructureRegulationsSolarTradeTransmissionUtilitiesWind

India has ramped up its wind and solar energy. It now needs to expand places to store it

India's battery storage industry, vital for transitioning from dirty fuels, is growing rapidly despite high costs and supply chain issues, with ke investments...

Solar power alone is set to supply half the electricity demand growth worldwide in 2025, the IEA says (AFP)
ClimateElectricityEnvironmentHydropowerNewsSolarWind

Renewable electricity to outstrip coal next year: IEA

Electricity produced from renewable sources is set to surpass output from coal-fired plants for the first time in 2025, the IEA said Friday

FILE PHOTO: High voltage electricity towers are seen at sunrise in Ciudad Juarez, Mexico April 20, 2022. REUTERS/Jose Luis Gonzalez/File Photo
ClimateCoalEnvironmentFuelNewsWeather

Rising cooling demand to keep coal plants online this year, IEA says

Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air...

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOilTrade

Oil trades in narrow range on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor...

Weakness in the Chinese economy means global oil demand growth is slowing (AFP)
BusinessNewsOilTrade

Oil demand growth slowing, China consumption dips: IEA

The second quarter saw the slowest rate of growth in more than a year.

Russia has stepped up attacks on Ukraine's power sector (AFP)
ElectricityInfrastructureNewsPoliticsTransmissionUtilities

Ukraine relies on friends as Russia strikes power grid

European allies help keep Ukraine energy generation up amid blackouts and Russian attacks on key infrastructure.

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