international energy agency

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    IEA Addresses Risks Amid Production Cuts and Strait of Hormuz Concerns

    March 10, New Delhi – The head of the International Energy Agency (IEA), Fatih Birol, also participated in the meeting of G7 Finance Ministers concerning the global economic situation and the conflict in West Asia.Speaking about the IEA's assessment of the global oil market conditions, the IEA...
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    Oil Prices Surge Past $114 Amid Middle East Tensions

    March 09, New Delhi — Rising tensions in the Middle East are fueling a worsening energy crisis across global markets, with oil prices surging past $114 per barrel for the first time since 2022.The international benchmark Brent Crude and the main US oil contract, West Texas Intermediate, rose...
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    India's Strategic Oil Reserves: A Stand Against Global Pressure

    New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...
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    India Strengthens Oil Supply Chain Amid Global Uncertainty

    New Delhi, March 9 – India currently has a total storage capacity for crude oil and petroleum products of 74 days, which can help mitigate disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday."The government has established Strategic...
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    Australia, Canada Offer Gas Supplies as India Strengthens Security

    New Delhi, March 7 As India explores alternative sources to further strengthen its energy security, countries like Australia, Canada, and several others have offered additional gas supplies, official sources said on Saturday.Citing the ongoing US-Iran conflict, which has led to the closure of...
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    Digital Twins and AI: Addressing Grid Challenges in Renewable Energy

    New Delhi, February 18 The integration of AI-driven technologies can be useful in managing the stability of the grid in India, where capacities are being added on a large scale, Union Minister Pralhad Joshi said on Wednesday.Speaking on the sidelines of the ongoing AI Impact Summit here, the...
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    IEA Expert: AI Key to Adapting to Renewable Energy Growth

    New Delhi, February 17 Integrating AI can help manage the complexities in the power sector, including in India, where the share of renewables is expected to grow in the coming years, an expert from the International Energy Agency (IEA) said."...We are seeing a very strong trend of increasing...
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    India Boosts Strategic Petroleum Reserve to Meet Global Turbulence

    New Delhi, February 9 India's strategic petroleum reserve can last 74 days to meet the demand arising out of any global turbulence, Oil Minister Hardeep Singh Puri informed the Rajya Sabha on Monday.Responding to supplementary questions during Question Hour, the minister said that for a...
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