The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.
India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, welcomed the IEA's decision to release emergency oil stocks amid the prevailing supply disruptions, according to an official release.
Minister of Foreign Affairs of Japan Motegi Toshimitsu on Wednesday welcomed the decision made by the International Energy Agency (IEA) to implement a collective release totaling 400 million barrels of oil by the member countries, a statement by Japan's Foreign Minister said.
The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.
New Delhi [India], February 27: Global EV adoption is gaining unprecedented momentum. According to the IEA, over 17 million electric cars were sold globally in 2024, with projections for 2025 surpassing 20 million vehicles, representing more than one in four cars sold worldwide. India is als
External Affairs Minister S Jaishankar met IEA Executive Director Fatih Birol in Paris and discussed the global energy scenario, appreciating Birol's assessment and support for India's growth and development.
Chennai (Tamil Nadu) [India], December 30: The 108th Annual Conference of the Indian Economic Association (IEA) concluded successfully at VELS Institute of Science, Technology & Advanced Studies (VISTAS), Chennai, reaffirming the critical role of economists in shaping India's growth trajecto
Greater Noida (Uttar Pradesh) [India], December 24: The 108th Annual International Conference of the Indian Economic Association (IEA), organised by IILM University, Greater Noida, concluded successfully after three days of intensive academic deliberations on the theme "India's Approach to V
Russian oil exports saw a steep decline in November as buyers grew increasingly cautious over the risks linked to more stringent US sanctions, the International Energy Agency (IEA) said in its latest report.
Electricity consumption in the Middle East and North Africa has soared in recent decades and is set to keep rising sharply, with a range of sources expected to meet the growing demand as countries seek to diversify their power supplies, according to a new IEA report out today.