International Energy Agency

The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping to plot a route to bringing down the shipping industry's huge carbon footprint.

The MT Chemical Challenger, a 16,000-ton chemicals transporter set sail from Antwerp for Istanbul on Feb. 16, and will undergo sea trials along the way.

The government's medium-term program attaches great importance to structural transformation as well as ensuring macro financial stability, Finance Minister Mehmet Şimşek said, adding establishing financial discipline will make it easier for Türkiye to achieve its goals in green and digital transformation.

French President Emmanuel Macron on Dec. 6 presented International Energy Agency (IEA) Executive Director Fatih Birol with the Legion of Honor for his major contributions to global energy and climate issues.

Orders for wind turbines were up in the first half of the year compared to 2022, after a rebound in purchases in North America and strong volumes in China, said a study published on Sept. 1.

Between January and June turbine orders for capacity reached 69.5 gigawatts, a 12 percent rise over in the first six months of 2022, according to research firm Wood Mackenzie.

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Birol addressed leaders who gathered for the 49th G7 Summit in Hiroshima, Japan, last week.

Mary B. Warlick (M), Deputy Executive Director International Energy Agency, and Ivan Krastev (R), Permanent Fellow at the IWM, at a panel discussion at the "Time to Decide Europe Summit", in Vienna, Austria, on 16 May 2023. Photo: ERSTE Foundation

Greece is to be commended for its response to the global energy crisis triggered by Russia's invasion of Ukraine, the International Energy Agency (IEA) said in a report released on Thursday.

IEA also commended Greece for its National Climate Law, which sets ambitious decade-by-decade targets for bringing down greenhouse gas emissions to net zero by 2050.

Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said yesterday.

Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighboring Ukraine.

The world is at the "dawn of a new industrial age" of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, the International Energy Agency (IEA) has said.

Oil giant Saudi Aramco yesterday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.    

Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.