Topic: International Energy Agency

Top galleries, list articles, quizzes

World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
How Mideast turmoil affects oil prices. Six questions answered

From the first spark of Middle East unrest in Tunisia in December until the violent suppression of protests in Libya in late February, the price of a barrel of crude oil rose from $88 a barrel to more than $100. Here’s a rundown on oil supply-price issues affecting the US.
Gallery: World's biggest energy hogs

All Content

Climate change: Arctic passes 400 parts per million milestone

Arctic monitoring stations show carbon dioxide levels are now above 400 parts per million. Carbon dioxide is the chief climate-change gas and stays in the atmosphere for 100 years. Before the Industrial Age, carbon dioxide levels were 275 ppm.
Rich-poor divide bogs down UN climate talks

Developing nations say the industrialized world - responsible for most of the emissions historically - should bear the brunt of the emissions cuts while developed nations want to make sure that fast-growing economies like China and India don't get off too easy.
Oil prices back up over $103 a barrel

Oil prices in Europe edged up in trading in anticipation of talks with Iran over its nuclear program. Oil prices peaked at $110 last month.
Oil prices: Can US, UK, and France drive them down?

Oil prices are so high that France is considering a release from its strategic oil stockpile. But even in coordination with the US and UK, a release is likely to have only temporary effects on oil prices.
World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
Iran to Europe: Want oil? Meet these demands.

Iran has threatened to cut off its oil exports to Europe unless European countries agree to a series of economic concessions that would go against recently approved sanctions.
Change Agent
Solar power: cheap electricity for world’s poor

More than a billion people worldwide lack access to electricity. The best way to bring it to them is to provide ever-cheaper, clean, locally produced solar power that can replace dirty and dangerous kerosene.
EU approves embargo on Iranian oil, despite economic concerns

Some EU countries who agreed to the Iranian oil embargo get as much as 30 percent of their oil from Iran. But as Spain's foreign minister said today, they are 'willing to make the sacrifice.'
Europeans fear Iran oil embargo will wreck economy

With a proposed embargo on Iranian oil, the European Union and the US could suffer from rising oil prices while Iran simply finds new buyers.
Post oil: Glimpses of life after fossil fuel

Contentious debates about "peak oil" aside, imagining how the world looks post oil is increasingly easy as alternatives to fossil fuel develop rapidly.
Africa Rising: African countries create new rules in the oil game

New local-content laws in Nigeria, Angola, Gabon, and Ghana aim to ensure African countries gain as much benefit from the oil business as foreign oil companies do.
Rising demand for oil could lead to global double-dip recession

Many are forecasting higher oil prices next year, due to increased global consumption and decreased output from Libya and other oil-producing nations. That could threaten global economic recovery.
Oil prices rise as traders mull demand prospects

Oil prices rose after the Fed's announcement on Tuesday that it would hold interest rates low for the next two years. Still, oil prices are down about $18 a barrel since July 22.
Gold prices follow each twist in debt-limit talks

Gold prices got whipsawed Wednesday as investors tried to determine whether a debt-limit deal would happen. If it doesn't, gold prices could soar.
Oil futures top $100 a barrel

Oil futures swayed by better outlook for US economy and Greek aid deal. It's the first time since early June that oil futures have breached the $100 level.
Oil prices go up, but gas prices go down. What's going on?

Oil prices dipped right after the Obama administration announced it would tap reserves, but the price has rebounded. Gas prices, meanwhile, fell 7 cents a gallon in the past week, averaging about $3.54 a gallon.
Crude oil steady after big price drop

Crude oil moved above $91 a barrel Friday, a day after the International Energy Agency announced it would release 60 million barrels of crude oil from reserves.
Why is Obama tapping the Strategic Petroleum Reserve, really?

The administration's decision to release 30 million barrels of oil from the Strategic Petroleum Reserve is pure politics, say some. The White House says it's trying to offset a drop in Libyan light sweet crude – needed for gasoline – at the height of the summer driving season.
US to tap Strategic Petroleum Reserve to drive gas prices down

Energy Secretary Stephen Chu cites crude oil disruptions in Libya and elsewhere as reason to open the Strategic Petroleum Reserve now. Gas prices, however, have been falling in recent weeks.
Will recovering global economy thwart efforts to curb global warming?

A UN agency reports that as the global economy began to recover from the recession, carbon emissions surged to a new record, imperiling measures to contain global warming.
Global News Blog
Oil futures: How China could keep US gas prices low

Oil futures briefly drop on news that China is raising interest rates to rein in consumer inflation, which could cause a drop in demand for oil.
Swift action in Libya vs. years of delay in Darfur: What gives?

If we are to make sense of why the world moved so quickly to protect civilians in Libya and not in Darfur, then we would do well to look beyond the easy answers.
Top priority in US earthquake study: nuclear power plant near New York City

New York Gov. Andrew Cuomo calls the Indian Point nuclear power plant near New York City a 'catastrophe waiting to happen.' Federal nuclear power regulators promise to make Indian Point, which sits near a fault, a top priority in their review of seismic hazards.
Should you panic about oil prices?

Not yet. Middle East turmoil may increase the danger of rising oil prices triggering a double-dip recession. But while a short-lived oil price spike is quite possible, a sustained spike causing serious economic damage isn't likely. Still, the US should consider two approaches for insurance.
How Mideast turmoil affects oil prices. Six questions answered

From the first spark of Middle East unrest in Tunisia in December until the violent suppression of protests in Libya in late February, the price of a barrel of crude oil rose from $88 a barrel to more than $100. Here’s a rundown on oil supply-price issues affecting the US.