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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.
Southeast Asia is projected to account for one-fifth of global energy demand growth through 2035. Photo: Reuters
Asean

Asian Angle | Decades of talk, zero barrels stored: why can’t Asean stockpile oil?

The Iran war energy crisis revived Asean’s joint reserve plans. To avoid another shelved ambition, the bloc needs swift, binding action.

China trade

China’s power exports to Asean surge 40% in first half of 2026

US-China trade war

Why the US remains ‘fragmented’ in a critical copper clash against China

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US, Israel war on Iran

Vance calls Iran deal a ‘win-win’ as Trump lashes out at ‘fools’ who oppose it

US Vice-President also claims Iran will not receive money or sanctions relief unless it meets the obligations outlined in agreement.

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US Vice-President J.D. Vance during a press briefing at the White House on Thursday. Photo: AFP
Asean

Iran war ‘stark wake-up call’ for fossil fuel-dependent Southeast Asia: IEA

The agency warns that the region’s energy import bill could triple to US$245 billion by 2035 if it does not quickly look for alternatives.

China energy security

Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal

The only vessel moving in the waterway on Monday morning was a patrol ship, as analysts warned uncertainty lingered over the US-Iran agreement.

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China energy security

Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns

Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed.

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An oil pumpjack is seen in the US state of North Dakota. The US-Israel war on Iran has upended global oil markets, with stockpiles likely to fall to “critical levels” by summer, according to the International Energy Agency. Photo: AFP
Environment

Video | Are we on the verge of another nuclear age?

Industry leaders predict China will become the world’s largest nuclear power producer by 2030.

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

Straits like Hormuz and Malacca are pressure points where commerce and power converge. What once defined success now defines vulnerability.

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A motorcyclist passes by liquefied natural gas tankers in the Malacca Strait off the coast of Malaysia on April 15. Photo: EPA
Hong Kong economy

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

Hong Kong’s economic recovery is intact, but it would be folly to ignore the rising prices and uncertainty flowing from the Middle East.

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A question mark-shaped sign hangs in the air as people shop around a mall in Kowloon Tong on April 21. Photo: Sam Tsang
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.

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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A plane passes behind kerosene storage facilities at Liege airport in Belgium on Thursday. Photo: EPA
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.

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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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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.

Transport ships are seen anchored in Muscat, Oman’s port capital, on March 9, amid risks of travelling through the Strait of Hormuz due to the US-Israel conflict with Iran. Photo: Reuters
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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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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An oil refinery in the Keihin Industrial Zone in Kawasaki, south of Tokyo. Photo: Reuters
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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