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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.
New cars, including electric vehicles by Chinese firm BYD, are seen parked in the port of Zeebrugge in Belgium on October 24, 2024. Photo: Reuters
Electric & new energy vehicles

As Chinese EV makers expand in Europe, are local suppliers set to benefit?

Rising protectionism in Brussels could support demand for local inputs including batteries, lithium and other raw materials, industry insiders say.

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War and conflict

Opinion | Malacca Strait could be the next hinge point if Asia isn’t careful

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Hong Kong economy

Opinion | Hong Kong’s economic figures look good but business unease is rising

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China stock market

AI power gap fuels Weichai, GE Vernova shares as generator demand surges

AI’s explosive growth is triggering a global power crisis, as data centres deploy backup generators amid soaring electricity demand.

A worker lifts an engine at the production line of Weichai New Energy Commercial Vehicle in Weihai city, eastern China. Photo: EPA-EFE/Xinhua
US, Israel war on Iran

China is poised to reap rewards as energy shock heats up the race for renewables

The US war on Iran may have inadvertently triggered a global transition that will favour Beijing’s green leadership, analysts predict.

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European Union

Europe running low on jet fuel, stoking fears of flight cancellations

IEA executive director Birol said the Hormuz blockade-induced energy crisis will hit nations including Japan, China and India harder.

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US, Israel war on Iran

Global renewable-energy pivot amps up as Hormuz uncertainty shatters security

IEA warns that current oil and gas shocks surpass past levels, forcing import-dependent nations to prioritise solar and wind for domestic energy sovereignty.

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The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman on March 12, 2026. Photo: Reuters
The Philippines

Philippine lawmakers’ call for oil deals with China prompts warnings of ‘a trap’

However, some analysts say that if both sides can agree on equitable oil and gas production, Filipinos could benefit from lower prices.

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Electric & new energy vehicles

New Energy | Green hydrogen drive may help China reach carbon-neutral goal

Renewable power and government support may slash the costs of green hydrogen production and convince potential users to adopt the fuel.

US, Israel war on Iran

‘Damage control’? Behind France, Germany’s bid to contain Iran war oil fallout

The European powers are leading calls for de-escalation but analyst notes ‘the age of soft power as a substitute for hard capacity is over’.

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Cargo ships in the Gulf, near the Strait of Hormuz, last month. Iran has effectively closed the waterway through which about 20 per cent of the world’s oil supply is transported. Photo: Reuters
Japan

Japan’s Takaichi seeks urgent summit with Iran as Trump’s Hormuz deadline looms

Japan has been bearing the brunt of the Iran war as the resource-poor nation relies on the Middle East for most of its crude oil imports.

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Fuel prices are displayed at a petrol station in Tokyo on March 18. 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

A timeline of past oil shocks is seen offering ‘clear lessons’ for today’s Strait of Hormuz crisis, with an eye on ripple effects and contingency tools.

US, Israel war on Iran

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

Trump shrugs off the need to reach a settlement, then alleges Iran let oil tankers pass through the Strait of Hormuz as a ‘gift’ to the US.

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US President Donald Trump speaks during a Cabinet meeting in the White House in Washington on Thursday. Photo: Getty Images/TNS
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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