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International Energy Agency

International Energy Agency
The latest news and top stories on International Energy Agency (IEA) , based in Paris. The IEA is dedicated to ensuring reliable affordable and clean energy for its member countries and beyond. Its main areas of focus include providing policy recommendations analysis and data on the global energy sector, promoting energy security and advancing the clean energy transition. The IEA examines all energy sources and technologies, produces comprehensive statistics and plays a crucial role in global dialogue on energy and climate change mitigation.
People wait to refill their motorbikes at a petrol station in Hanoi, Vietnam, on Monday. Photo: EPA
US, Israel war on Iran

Asian Angle | Hormuz is sending Southeast Asia a warning – and we can no longer ignore it

The crisis has shown we must invest in renewables rather than staying in a fossil fuel comfort zone.

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US, Israel war on Iran

How the Hormuz attacks stoke oil-shock fears and memories of 1970s stagflation

US, Israel war on Iran

Trump says Iran ‘begging’ for deal, but teases new aid for hard-hit US farmers

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US, Israel war on Iran

African producers may have energy edge in Iran war, if they can overcome hurdles

Analysts say oil from Africa may be lower-risk alternative, coinciding with a fresh push for infrastructure to supply Europe.

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Oil exploration investments across Africa declined after many Western oil majors retreated from long-term fossil investments, according to the African Petroleum Producers Organization. Photo: Reuters
European Union

EU delays proposal to permanently ban Russian oil imports

The proposal is not cancelled, but would no longer be published by April 15 due to ‘current geopolitical developments’.

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Japan

Japan to start release of state oil reserve on Thursday to ease Iran impact

Japan sources nearly all crude oil from overseas and relies on the Middle East for over 90 per cent of its crude oil imports.

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US, Israel war on Iran

‘No immunity’: Iran war threatens energy crisis worse than 1970s oil shocks

The boss of the International Energy Agency, Fatih Birol, spoke out as the war grinds into its fourth week.

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Smoke and flames rise at the site of air strikes on an oil depot in Tehran on March 7. Photo: via TNS
Asia housing and property

The View | War-induced interest rate shocks unlikely to upset Asia’s property markets

While monetary tightening would add to affordability pressures, it would have little bearing on the forces driving up prices and rents.

China-Africa relations

China will stockpile critical resources and boost energy supply security

Beijing boosts economic self-reliance and long-term stability as a matter of ‘national security’ while Middle East conflicts continue.

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China energy security

If the Iran war takes oil above US$120 a barrel, how bad could the shock get?

With major energy assets now coming under attack and the Strait of Hormuz still closed, analysts fear a longer supply shock.

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Iran launched attacks on Gulf energy sites, including Qatar’s huge Ras Laffan LNG facility (pictured), in retaliation for an Israeli strike on Iran’s South Pars gas field. Photo: AFP
China manufacturing

Global EV uptake expected to accelerate as Iran war causes petrol price hikes

With more than half of Chinese new car sales being electric in 2025, the nation could save US$28 billion a year in avoided oil import costs.

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Employees work on an electric vehicle (EV) production line at the Volkswagen Anhui factory in Hefei, Anhui province, China, as the Iran war pushes up petrol prices and global EV uptake is expected to accelerate. Photo: Reuters
Artificial intelligence

Too hot to handle? Southeast Asia’s AI data centre gold rush strains power grids

Data centres crave cold. Southeast Asia is anything but. Now, the AI boom is pushing tropical engineering to the limit.

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US, Israel war on Iran

Trump warns he ‘may delay’ China visit in demand for countries to secure Hormuz

Some allies say no to ships, after US president demands at least seven countries help secure the strategic waterway.

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US, Israel war on Iran

IEA says oil from emergency stocks to flow in Asia and Oceania immediately

The International Energy Agency also said barrels for Europe and the Americas will only be available from the end of March.

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People queue up to refuel their vehicles at a petrol station in Chennai, India on Thursday. Photo: AFP
US, Israel war on Iran

‘Black rain’: Iran war’s toxic pollution will spread and last for years

Missiles and bombs contain pollutants which are released into the air, soil and water when they explode and crash, posing many health risks.

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Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7. Photo: TNS
US, Israel war on Iran

Iran war entering ‘decisive phase’, Israel says, as attacks continue

Washington’s embassy in Iraq was hit by a drone, while clouds of black smoke rose over the Fujairah energy facility in the UAE.

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China trade

Japan taps oil reserves as Iran war spreads. Could it give China leverage?

With Tokyo and Beijing still at loggerheads over Taiwan, analysts warn Japan’s decision exposes its economic vulnerability.

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US, Israel war on Iran

US warns of possible strikes on Iran ports as Hormuz becomes flashpoint

US military considers civilian ports to be legitimate targets, prompting a threat from Iran that no location in the Gulf would remain safe.

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A satellite image showing damage at naval facilities in Bushehr, Iran on March 7. Photo: Vantor via Reuters
US, Israel war on Iran

Iran warns of US$200 oil as countries reach for emergency reserves

US president declares ‘we won’ the war as chaos in the Strait of Hormuz sends shock waves through energy markets.

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Energy

Iran war threatens prolonged energy shock, slower growth for Asia

Observers say an extended disruption of energy flows could mean persistently higher fuel costs and widening trade deficits for Asian importers.

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Germany

Germany, Japan to unblock oil reserves as G7 stands ‘ready’ to act

The latest announcement came as G7 leaders were set to discuss the widespread economic fallout from the US-Israeli war with Iran.

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Surplus gas is burnt off in a crude oil processing plant in Germany. The German and Japanese governments will free up some of their national oil reserves. Photo: dpa
Japan

Japan to release oil reserves as early as Monday

It will release 15 days’ worth of private reserves and a month’s worth of national reserves.

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A woman walks past a petrol station in Tokyo. Photo: AFP
Hong Kong economy

Hong Kong customs seizes more fuel-smuggling vehicles as Iran war lifts prices

Price gap between mainland China and Hong Kong, combined with rising fuel costs, creates economic incentive for criminals to take risk, customs says.

Hong Kong stock market

Hong Kong stocks slip, led by tech firms, after Beijing’s OpenClaw warning

Tencent and Alibaba lose ground while CATL and Geely buck market trend.

US, Israel war on Iran

G7 to discuss possible emergency release of oil reserves: French president

Concern is rising about the war and Iran’s blockade of the Strait of Hormuz, through which much of the world’s energy supplies pass.

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Cars line up at a gas station in Seoul, South Korea, on Sunday as oil prices surge due to the intensifying conflict in the Middle East. Photo: EPA
Science

US transformers are ageing. Why renewable energy could make things worse

Team in China finds that high renewable energy integration could make power transformers age nearly a quarter faster.

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High levels of wind and solar energy increase bidirectional power flow switching, causing additional stress on transformers, a study has found. Photo: Xinhua
United States

Opinion | Why Asia should be concerned about the US attack on Venezuela

Venezuela matters less as a case in itself than as a signal of how energy is being repositioned amid intensifying US-China competition.

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Science

China’s green tech revolution will outlast geopolitics: Arif Aga

Low costs, not geopolitics, will drive the global energy transition in the long run, industry consultant says.

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