With 72 member countries representing 90% of the global energy market and including producers and consumers, the IEF has been a neutral platform for energy dialogue for over 30 years.
#EnergyDialogue
💬🌍
HRH Prince Abdulaziz Bin Salman, Minister of Energy Saudi Arabia, met today with IEF Secretary General Dr Sun Xiansheng, to discuss developments in energy markets and the role of the IEF in the dialogue among concerned parties, including the upcoming virtual oil market meeting
Earlier today,
@ief_sg
welcomed HRH Prince Abdulaziz bin Salman Al Saud to IEF Headquarters.
HRH took part in the Ministerial Roundtable Session of the 13th IEA-IEF-OPEC Symposium on Energy Outlooks
#EnergyDialogue
Participating in the Ministerial Roundtable at the 13th Symposium on Energy Outlooks were HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia, HE
@kdastgirkhan
, Minister of Energy, Pakistan and HE Mohamed M. Oun Minister of Oil and Gas, State of Libya
Global
#oil
demand reached the highest level ever recorded by
@JODI_Data
in March, driven by growth in China and the US.
China's total product demand increased by 1.6mb/d m-o-m to 16.79mb/d while US demand rose 1.77mb/d to 21.77mb/d.
#EnergyDialogue
HE Shri Dharmendra Pradhan, Minister of Petroleum, Natural Gas and Steel, India, tells the IEA-IEF-OPEC Symposium on
#EnergyOutlooks
: "I supported the joint decision by producing countries to cut
#oil
production in April last year..."
"We are going to see high prices for some time" predicted
@ea_amrita
at last year's event. What will the predictions be at February's 13th IEA IEF OPEC Symposium?
#EnergyDialogue
"To allow a demand recovery to take primacy over crude prices, at least over the next few months I am appealing for easing of production cuts by the key oil exporting countries including OPEC and OPEC+ group."
#EnergyOutlooks
#OOTT
Natural gas has many advantages for keeping the world supplied with energy and may prove itself to be a pivotal actor in the
#EnergyTransition
. Find out more.
Saudi Arabia is the world's largest producer of desalinated water and is also committed to promoting environmental
#sustainability
. From 2023, the cities of Makkah and Madinah will receive desalinated water partially produced using
#SolarPower
.
The IEF and
@FutureMineral
are pleased to announce 📢 Josette Sheeran, President,
@canoo
, as a guest speaker at the 1st Symposium on Critical Minerals Outlooks on Tuesday 15th August.
📺 Register now to watch
#EnergyDialogue
@OPECSecretariat
@ief_sg
and IEF staff are saddened by the loss of OPEC Secretary General HE Mohammad Sanusi Barkindo and extend our condolences to his family, friends & colleagues. He will be remembered as a significant figure in the history of global energy governance and will be sorely missed.
Time has come once again for allowing the collective interests of both producing and consuming countries to be promoted. We need to adopt a balanced approach at this juncture..."
Join us on Wednesday 16 February for the 12th Session of the IEA-IEF-OPEC Symposium on Energy Outlooks where the heads of the host organizations will provide welcoming statements and closing remarks.
#EnergyDialogue
#EnergyOutlooks
@IEA
@OPECSecretariat
Thanks for joining us today for the 12th IEA IEF OPEC Symposium on Energy Outlooks.
Join us again for tomorrow's 7th IEF-KAPSARC Thought Leaders' Roundtable for insights on energy security and advancing technology, innovation & investment.
#EnergyDialogue
"In Africa they produce no emissions on a relative basis, so they need to be able to use their resources to develop their continent before we start talking to them about climate issues."
Charif Souki,
@TellurianLNG
#EnergyDialogue
The 10th Anniversary IEA IEF OPEC Symposium on Energy Outlooks will be hosted by HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia with the Heads of
@GECF_News
and
@IRENA
as special guests.
#EnergyDialogue
"There is no vaccine for climate change - we really have to change our ways in a fundamental way. All of us."
H.E. Frans Timmermans, Executive Vice-President for the European Green Deal,
@EU_Commission
The IEA IEF and OPEC are pleased to announce 📢
@rafaelmgrossi
Director General,
@iaeaorg
as a guest speaker at the 12th IEA IEF OPEC Symposium on Energy Outlooks on Wednesday 16th February.
#EnergyDialogue
#EnergyOutlooks
Register now to watch -
"It's a mistake to blame high
#gas
and
#oil
prices on the war in Ukraine. This started before the war and the root cause is underinvestment in hydrocarbons. Until we invest, high prices and volatility will be the new normal."
@ief_sg
tells
@sean_evers
at
#GIEnergyOutlook23
.
The
@IEA
's March assessment for non-OPEC supply growth went up by 30 kb/d to reach 2.08 mb/d.
@OPECSecretariat
’s growth assessment decreased by 490 kb/d for a total non-OPEC supply growth of 1.76 mb/d. Check out the latest IEF Monthly Comparative Analysis
#Naturalgas
markets in Europe and now Asia are on red alert. It is now the most expensive fossil fuel on an energy equivalent basis, comparable to an
#oil
price of $200 per barrel, says
@ief_sg
.
#EnergyDialogue
Charif Souki, Executive Chairman of
@TellurianLNG
, gives a lecture to an invited audience at IEF Headquarters in Riyadh on the "Outlook for Global Natural Gas and LNG"
#EnergyDialogue
@ief_sg
The IEF and
@GARP_Risk
hosted dozens of
#energy
experts and officials at the Global Energy Risk Forum in Madrid for important dialogue on transformative market trends,
#ESG
and market volatility.
#EnergyDialogue
Guest Speaker Announcement: 📢
Announcing
@flacamera
Director General,
@IRENA
as guest speaker at the 12th IEA IEF OPEC Symposium on Energy Outlooks on Wednesday 16th February.
#EnergyDialogue
#EnergyOutlooks
Register to watch the livestream -
The 11th IEA-IEF-OPEC Symposium on
#EnergyOutlooks
brings together government and energy industry leaders to discuss the future of energy. Featured speakers include HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia;
"Africa is energy poor and needs fossil fuels. 1.4bn people in Africa today use 3.9m barrels of oil per day. Compare that to the US where 330m people use 20m barrels per day. We are energy poor."
@JusperMachogu
, Agricultural Engineer, Kenya
#EnergyDialogue
@Real_AEW
“Anything we are doing to restrict trade in oil and gas is really going to hurt global prices and hurt everybody”
@ief_sg
discusses the energy market crisis and the transition with
@_HadleyGamble
and
@dan_murphy
on
@CNBCMiddleEast
IEF and
@KAPSARC
are pleased to announce 📢 Charif Souki, Executive Chairman, Tellurian, as a keynote speaker during session 3 of the 7th Thought Leaders' Roundtable on 17 February.
Find out more and register for the livestream -
#EnergyDialogue
"With capital comes cost reduction"
@JigarShahDC
, Director, Loan Programs Office,
@ENERGY
talks about the opportunities now that policy certainty has triggered massive capital formation for transition technologies in the United States.
#EnergyDialogue
The IEF today welcomed Joe McMonigle of the United Stated as its new Secretary General. Mr McMonigle has over 25 years of experience in public and private energy sectors and becomes the fifth
@ief_sg
On 25 October
@SPGlobalPlatts
will present the key findings of the Oil Security Sentinel Project followed by updates on IEF Post-COVID Recovery Energy Monitor and IEF-BCG report on Oil and Gas Sector Investment in the New Risk Environment.
#EnergyDialogue
Underinvestment in oil and gas development, even as global energy demand rebounds, raises the prospect of price shocks, scarcity, and growing energy poverty says new IEF and
@IHSMarkit
report.
#EnergyDialogue
#OOTT
#ONGT
A very productive day today at IEF headquarters for the 12th IEA IEF OPEC Symposium on Energy Outlooks.
Don’t forget to download the IEF RFF Outlooks Comparison Report -
#EnergyDialogue
The United States should have a seat at the table with major oil producers and exporters that share a common interest in preventing ruinous boom-bust oil price cycles.
@ief_dialogue
is one already existing and suitable organisation to host this discussion
"It was an honor to address the Assembly of the Colombian Natural Gas Association on the importance of natural gas in the energy transition and to meet with
@NaturgasCol
Secretary General Camilo Morales."
@ief_sg
#EnergyDialogue
IEF is pleased to announce Dr Leila R. Benali as Chief Economist.
"Leila is not only a recognised expert in energy economics and corporate strategies, but brings a wealth of experience in policies, investments, finance and energy diplomacy" says
@ief_sg
Global oil demand rose by over 3mb/d m-o-m in May, approaching March's record, while crude oil production fell. China's total product demand increased 1.7mb/d to 17.37mb/d, the second-highest level ever reported in
@JODI_Data
, the latest data shows.
#OOTT
Join us tomorrow for the keynote address by
@LeilaRBenali
at a webinar hosted by
@WorldBank
on the topic of "Carbon Neutrality, Implications on Future Policies and Strategies of Hydrocarbons in MENA”.
Watch the livestream here
"This announcement embodies our commitment to working with relevant partners to boost the energy transition and generate dialogue around energy security and economic sustainable development" Minister of Mines and Energy
@DiegoMesaP
as Colombia joins IEF
"On behalf of the IEF's 25 African member countries, we congratulate Executive Director
@fbirol
and
@IEA
colleagues for publishing today's important Africa Energy Outlook", says
@ief_sg
#EnergyDialogue
"
HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia, tells the IEF-EU Energy and Climate Day that Saudi Arabia is interested in taking the lead on climate sustainability and in developing renewable energy sources:
#EnergyDay
#EnergyDialogue
If prices are too high consumers start changing lifestyles such as driving less and turning off lights.
Underinvestment in energy supplies could lead to a global recession, Charif Souki
@TellurianLNG
tells IEF Special Gas Market Dialogue
#EnergyDialogue
New
@ief_sg
Profile in
@PIPELINEtweets
Magazine:
"As the world's largest international energy organization, McMonigle believes the IEF 'has a unique global platform to engage in energy dialogue,' with plans 'to broaden the IEF agenda beyond oil and gas markets.'"
The IEF, in association with
@GARP_Risk
, was proud to welcome delegates to the Global Energy Risk Forum in Paris today.
Leading policy makers and senior energy and climate risk managers are considering responses to strengthen energy and climate security.
#EnergyDialogue
Last week
@IEF_SG
Joe McMonigle warned that
#oil
markets are “in a more risk exposed environment“ from weakening demand due to COVID-19 impacts. In
@gulf_intel
interview he said “demand is a huge question mark overshadowing the market.”
🪪 𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁
This Thursday at the
@FIIKSA
conference, Charif Souki, Executive Chairman at
@TellurianLNG
will debate the challenges of the
#energytransition
with
@ief_sg
in the context of the recent IEF GESI report.
Saudi Arabia Energy Minister HRH Prince Abdulaziz bin Salman highlights the role of the IEF in averting crises in world
#energy
markets following the recent IEA IEF OPEC energy outlooks symposium.
#EnergyDialogue
✨𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁
🪪 Fahad Alajlan, President,
@KAPSARC
will host the 2nd IEF High-level Roundtable on Carbon Management Technologies on Thursday 16th February 📅
"This is not just another boom and bust cycle. We've made structural changes to supply for the
#EnergyTransition
before demand has been reduced. Unless we address that we will see rising prices and volatility for several years to come."
@ief_sg
with
@richardquest
on
@questCNN
"Demand is back to pre-Covid levels but supply is not."
@JoeMcMonigle
, Secretary General of the
@IEF_Dialogue
, weighs in on oil prices and supply chain issues.
“I am honored by the executive board’s confidence in electing me. I look forward to working with the board and Secretariat staff to facilitate and strengthen the dialogue of important energy issues” - Joseph McMonigle, welcomed today as the fifth
@ief_sg
📅This Thurs, 16th Feb, the IEF,
@CEMSecretariat
and
@KAPSARC
will host the 2nd IEF High-level Roundtable on Carbon Management Technologies.
Experts will explore de-risking
#CCUS
investment and carbon market initiatives for the Circular Carbon Economy.
Breaking News: Egypt is announced as the host country for the 8th IEF-IGU Ministerial Gas Forum.
The forum will take place in 2022 and will focus on the global economic recovery post COVID-19 and rising gas prices.
#EnergyDialogue
@IGUSecretariat
High natural gas prices are resulting in costlier fertilizer across the world.
Versus same time last year:
North America: 180%
Europe: 270%
Middle East: 120%
India: 150%
Read our take on the data
HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia will offer perspectives on energy and climate policy at the 5th IEF-EU Energy and Climate Day
#EnergyDialogue
#EnergyDay
#Climate
More dialogue and coordination between the two biggest energy producers in the world means a lot for market stability and energy security,
@ief_sg
tells
@BeckyCNN
.
#EnergyDialogue
The IEF-
@KAPSARC
High-Level Roundtable on Carbon Markets and CCE Investment brought together panellists from all over the world to discuss the role of carbon markets in energy transitions.
#EnergyDialogue
HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia, opened last week's 14th IEA-IEF-OPEC Symposium on Energy Outlooks with a powerful rationale for dialogue between energy producers and consumers: "It is a must that we create a platform to enable people to