Kampala, Uganda | URN | The International Energy Agency is urging governments to accelerate emergency oil stock releases as disruptions in the Strait of Hormuz and reduced Russian supplies tighten global diesel markets. In Uganda, Energy Minister Monica Musenero said international prices, a weakening shilling and higher fuel taxes …
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BRUSSELS | Xinhua | Group of Seven (G7) leaders agreed Friday to release 100 million barrels of diesel and crude oil from emergency reserves in an action coordinated through the International Energy Agency (IEA), as surging fuel prices, disrupted refined-product supplies and threatened U.S. export restrictions added pressure on global …
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Kampala, Uganda | URN | The International Energy Agency has called for urgent demand-side action as the ongoing conflict in the Middle East has triggered the largest supply disruption in the history of the global oil market. The conflict has sent shockwaves across Africa and intensified pressure on fuel-dependent economies …
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Beijing, Uganda | THE INDEPENDENT | Oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade, according to the latest edition of the International Energy Agency’s (IEA’s) medium-term outlook. The new changes are out of the intensifying …
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Kampala, Uganda | THE INDEPENDENT | With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the world, according to a new IEA report. The report, The Future of Geothermal Energy, finds …
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Kampala, Uganda | THE INDEPENDENT | The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves, and increasing uptake of technologies that run on electricity such as Electric vehicles and heat pumps. Despite the enduring impacts of the global energy …
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MOSCOW, RUSSIA | TASS | Growth of world oil demand is forecast to average just below 1 mln barrels per day in 2024 and 2025, as subpar economic growth, greater efficiencies and vehicle electrification act as headwinds, the International Energy Agency (IEA) said in its July report. Consequently, the estimate …
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SPECIAL REPORT | THE INDEPENDENT | Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report from the International Energy Agency finds that major additional investments are still …
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Paris, France | THE INDEPENDENT | The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity by 2030 that governments set at the COP28 climate change conference last month, …
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COMMENT | KAUSHIK BASU | The International Economic Association (IEA) recently concluded its 20th World Congress in Medellín, Colombia. This triennial event brings together scholars from all over the world to share and discuss the latest developments in economic thinking. This year’s edition underscored the urgency of re-evaluating some of the …
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The Independent Uganda: You get the Truth we Pay the Price
