INTERNATIONAL ENERGY AGENCY
India's January crude processing scales over 1-year peak
Crude oil throughput in January rose 0.6% year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, provisional government data showed on Friday.
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View: Oil price targets would make a far better goal
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Oil edges higher on US stimulus hopes but demand fears persist
Brent crude was up 38 cents, or 0.6%, at $61.52 a barrel by 11:06 a.m. ET (1606 GMT) having dropped to a session low of $60.35 earlier. US oil was up 22 cents, or 0.4%, at $58.46 after falling to a session low of $57.41.
Asian stocks on hold for Lunar New Year, bitcoin eyes record highs
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.05 per cent, trading just shy of an all-time high reached in the previous session.
Australia shares close lower weighed by gold, energy stocks
The S&P/ASX 200 index fell 0.6 per cent to 6,806.7 at the close of trade. The benchmark was down 0.5 per cent for the week.
Oil extends losses after gloomier outlooks from OPEC, IEA
Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 0102 GMT, having dropped half a percent the previous session. U.S. oil was down 36 cents, or 0.6% at $57.88 a barrel, after falling by 0.8% on Thursday.
IEA says oil market fragile, cites virus restrictions
OPEC producers plus their non-cartel allies, principally Russia, have stuck to hard-won output limits, driving prices back to around $60 per barrel, levels last seen early last year before the pandemic took hold.
Successful vaccination efforts to lead to stronger oil demand and higher prices: Dr Fatih Birol, International Energy Agency
I expect with th...
India energy demand set to grow fastest in the world; to overtake EU
Energy use has doubled since 2000, with most of that demand met by coal and oil. This is set to grow about 35 per cent until 2030, down from 50 per cent before the coronavirus pandemic.
India to overtake EU as world's third largest energy consumer by 2030: IEA
In its India Energy Outlook 2021, IEA saw primary energy consumption almost doubling to 1,123 million tonnes of oil equivalent as the Gross Domestic Product (GDP) expands to USD 8.6 trillion by 2040.
IEA says India's solar energy output to match coal-fired power by 2040
"Solar power is set for explosive growth in India, matching coal's share in the Indian power generation mix within two decades," the IEA said in its India Energy Outlook 2021 released on Tuesday.
India's fossil fuel import bill could triple by 2040: IEA study
“The combination of a growing and industrialising economy and an expanding and increasingly urban population will drive energy use higher, raising the question of how best to meet that swelling demand without exacerbating issues like costly energy imports, air pollution, and greenhouse gas emissions,” IEA said in its report.
India needs $1.4-trillion investment in clean energy over the next two decades: IEA
IEA report, titled 'India Energy Outlook 2021", said that the figure represents a 70% increase from the present policy of the government, that aims to achieve 450 gigawatts (GW) worth of renewable energy capacity by 2030.
Increasing partnership between India & IEA could soon yield full membership: IEA Executive Director Fatih Birol
"We hope that after this signing ceremony, the potential pathways to eventual membership will be closely looked into from both sides — New Delhi and member countries," Birol said while speaking at the signing of a strategic partnership between India and IEA.
