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Results for "International Energy Agency"

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IEA Member Countries Release Record 411.9 Million Barrels of Oil from Strategic Reserves
BusinessReutersSCMPirozhlas+13NHK Worldorfel-mundoYahooTimes of Indiastraits-timesdh-les-sportsnaftemporiki+5 more3d ago16 sources

IEA Member Countries Release Record 411.9 Million Barrels of Oil from Strategic Reserves

Member countries of the International Energy Agency (IEA) have decided to release an unprecedented total of 411.9 million barrels of oil from their strategic reserves, which are expected to enter global markets soon to mitigate the impact of the Middle East conflict.

Greece's Role as Energy Game Changer with Vertical Corridor
iefimerida12d ago

Greece's Role as Energy Game Changer with Vertical Corridor

The International Energy Agency (IEA) has given a vote of confidence to Greece's Vertical Corridor and enhanced LNG cooperation, considering them key initiatives to ensure energy supply security in Central Europe.

Big Tech Turns To Uranium As Data Center Power Demand Soars
Technologywsjzerohedge28d ago2 sources

Big Tech Turns To Uranium As Data Center Power Demand Soars

Big Tech Turns To Uranium As Data Center Power Demand Soars Big Tech is considering supporting new uranium mining projects as companies need additional reliable power capacity for their huge data center expansion, according to the top executive of Canadian uranium miner NexGen Energy.      “It's coming. You've seen it with automakers. These tech companies, they're under an obligation to ensure the hundreds of billions that they are investing in the data centres are going to be powered,” NexGen Energy’s CEO Leigh Curyer said at a Melbourne Mining Club luncheon on Wednesday, as carried by Reuters. As OilPrice reports, NexGen Energy, which is developing Canada’s largest uranium project, Rook I in Saskatchewan, has held early talks with technology companies over potential financing from data center developers, Curyer said.    The uranium developer has also discussed long-term uranium supply with data center firms. Yet, potential funding or supply deals will not involve any changes to the control of NexGen Energy, the chief executive told Reuters.   Global electricity demand increased by 3% annually in 2025, following growth of 4.4% in 2024, the International Energy Agency (IEA) said in its recent Electricity 2026 report. Between 2026 and 2030, the annual average growth rate would be 3.6%, driven by higher consumption from industry, electric vehicles (EVs), air conditioning, and data centers, according to the agency. Artificial intelligence, data centers, and advanced manufacturing support the return to growth in power demand in advanced economies, the IEA said. U.S. electricity demand rose by 2.1% in 2025 and is expected to grow by nearly 2% annually through 2030. The rapid expansion of data centers will drive half of the increase, the agency noted.  The U.S. is backing nuclear power generation to help meet rising electricity demand. Nuclear energy will be one of the winners of the U.S. AI and data center boom, as Microsoft and other hyperscalers have been looking to purchase zero-carbon electricity to power up their data centers, which are consuming growing amounts of electricity.      Tyler Durden Wed, 02/18/2026 - 11:45

Spain to Release Oil Reserves Amid Iran War Price Escalation
Healthla-repubblica2d ago

Spain to Release Oil Reserves Amid Iran War Price Escalation

The Spanish Council of Ministers has approved the immediate release of up to 11.5 million barrels of oil from national reserves, an operation coordinated with the International Energy Agency to mitigate price increases caused by the war in Iran and stabilize markets.

IEA Mobilizes Emergency Oil Reserves Amid Global Alert
Businessnewsbeast2d ago

IEA Mobilizes Emergency Oil Reserves Amid Global Alert

The International Energy Agency (IEA) is releasing 411.9 million barrels from its emergency oil reserves in response to a global alert regarding oil supply. Member countries are prepared to release further quantities if necessary, maintaining over 1.4 million barrels in emergency stocks.

Greek Minister Pierrakakis to Meet IEA Head in Paris
Businessnewsbeast2d ago

Greek Minister Pierrakakis to Meet IEA Head in Paris

Greek Minister of National Economy and Finance, Kyriakos Pierrakakis, is traveling to Paris to participate as a keynote speaker at the 14th annual Euronext conference and will meet with the head of the International Energy Agency.

Canada and Norway Push Oil Market Stability Amid Middle East War, Canada Releases Reserves
BusinessReuterscbccnbc+7SCMPtvn24Yahoon1-bihinquirerazernewsclub-of-mozambique3d ago10 sources

Canada and Norway Push Oil Market Stability Amid Middle East War, Canada Releases Reserves

Canadian Prime Minister Mark Carney and Norway's Jonas Gahr Støre emphasized energy stability during talks in Oslo as the Middle East war impacts global oil markets. Canada announced it will release 23.6 million barrels following an International Energy Agency call for coordinated action, adding to the pressure on energy markets as the conflict triggers emergency oil measures and policymakers warn of an Iran oil shock.

Oil price again exceeded $100 per barrel
Businesstvn247d ago

Oil price again exceeded $100 per barrel

The price of oil again exceeded $100 per barrel in the early hours of Thursday. Decisions by countries and the International Energy Agency to release reserves of the raw material have not eased supply concerns, which...

Oil prices plunge, then rebound
Businessphilstar7d ago

Oil prices plunge, then rebound

alling briefly after reports came out that the International Energy Agency  would release oil reserves, crude prices rebounded yesterday as markets expressed doubts the plan would push through and…

Explainer - Strategic oil reserves a crisis cushion
Worldrte-news9d ago

Explainer - Strategic oil reserves a crisis cushion

Many countries, especially members of the International Energy Agency (IEA), maintain strategic oil reserves to cushion the fallout from economic shocks and could draw on them if the war in the Middle East endures.

G7 releases record amount of oil stocks to 'calm the markets down'
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+93 more6d ago104 sources

G7 releases record amount of oil stocks to 'calm the markets down'

G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.