Gas price relief on the horizon as global oil supply picks up, says IEA – CNN

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Prices are already up 130% this year.”},{“title”:”The future of flight could run on renewables”,”duration”:”03:30″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness/index.xml”,”videoId”:”business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211025100327-marketplace-europe-aviation-fuels-large-169.jpeg”,”videoUrl”:”/videos/business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”The aviation sector is preparing to ramp up production of Sustainable Aviation Fuels (SAFs) made from cooking oil, clothing, steel production emissions and other renewable sources. “,”descriptionText”:”The aviation sector is preparing to ramp up production of Sustainable Aviation Fuels (SAFs) made from cooking oil, clothing, steel production emissions and other renewable sources. “},{“title”:”The complex world of carbon offsets explained”,”duration”:”04:02″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn/index.xml”,”videoId”:”business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210923171437-carbon-offsets-dv-explainer-2-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn/video/playlists/business-oil-energy/”,”description”:”Carbon offsetting promises a way to rebalance greenhouse gas emissions through reforestation and renewable energy. But can it avert a climate catastrophe or is it actually doing more harm than good? “,”descriptionText”:”Carbon offsetting promises a way to rebalance greenhouse gas emissions through reforestation and renewable energy. But can it avert a climate catastrophe or is it actually doing more harm than good? “},{“title”:”IEA: We need to accelerate clean energy efforts”,”duration”:”04:00″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness/index.xml”,”videoId”:”business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211014133148-fatih-birol-iea-executive-director-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”Fatih Birol, executive director of the International Energy Agency, warns of more turbulence in the energy markets and missing climate goals without more aggressive investments in clean energy,”,”descriptionText”:”Fatih Birol, executive director of the International Energy Agency, warns of more turbulence in the energy markets and missing climate goals without more aggressive investments in clean energy,”},{“title”:”Energy costs rise amid global crunch”,”duration”:”02:07″,”sourceName”:”CNNBusines”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines/index.xml”,”videoId”:”business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210928030458-01-china-power-shortage-0927-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines/video/playlists/business-oil-energy/”,”description”:”Demand for energy has returned as economies reopen but supply has not been able to keep up. CNN’s Matt Egan breaks down why.”,”descriptionText”:”Demand for energy has returned as economies reopen but supply has not been able to keep up. CNN’s Matt Egan breaks down why.”},{“title”:”UK puts army on standby to deliver fuel as service stations run dry (September 2021)”,”duration”:”03:11″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/28/uk-fuel-shortage-update-biz-vpx.cnn/index.xml”,”videoId”:”business/2021/09/28/uk-fuel-shortage-update-biz-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210928084217-03-gas-shortage-uk-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/28/uk-fuel-shortage-update-biz-vpx.cnn/video/playlists/business-oil-energy/”,”description”:”The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists.”,”descriptionText”:”The UK military is on standby to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists.”},{“title”:”China’s energy crunch is hitting factories hard”,”duration”:”03:13″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness/index.xml”,”videoId”:”business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210930103942-power-grid-china-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”Demand for Chinese goods is surging as the global economy emerges from the pandemic, increasing use of China’s electricity-hungry factories. But since electricity prices are regulated in China, some power companies are losing money and hesitant to boost production. At the same time, China is trying to meet its ambitious climate goals. CNN’s Selina Wang reports.”,”descriptionText”:”Demand for Chinese goods is surging as the global economy emerges from the pandemic, increasing use of China’s electricity-hungry factories. But since electricity prices are regulated in China, some power companies are losing money and hesitant to boost production. At the same time, China is trying to meet its ambitious climate goals. CNN’s Selina Wang reports.”},{“title”:”Oil prices rise as UAE refuses to back OPEC+ agreement “,”duration”:”02:23″,”sourceName”:”CNNBusiness”,”sourceLink”:”cnnbusiness.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/07/05/gas-prices-opec-meeting-oil-vpx.cnnbusiness/index.xml”,”videoId”:”business/2021/07/05/gas-prices-opec-meeting-oil-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200304153141-oil-demand-defterios-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2021/07/05/gas-prices-opec-meeting-oil-vpx.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”OPEC+ plans to meet for the third straight day in order to reach an agreement about adding more barrels to an oil market that needs more supply. CNN’s Anna Stewart reports. “,”descriptionText”:”OPEC+ plans to meet for the third straight day in order to reach an agreement about adding more barrels to an oil market that needs more supply. CNN’s Anna Stewart reports. “},{“title”:”Watch: ExxonMobil lobbyist unwittingly spills company secrets”,”duration”:”01:41″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/07/01/keith-mccoy-exxonmobil-greenpeace-climate-mc-orig.cnn-business/index.xml”,”videoId”:”business/2021/07/01/keith-mccoy-exxonmobil-greenpeace-climate-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210127084201-exxon-us-gas-station—stock-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/07/01/keith-mccoy-exxonmobil-greenpeace-climate-mc-orig.cnn-business/video/playlists/business-oil-energy/”,”description”:”Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.”,”descriptionText”:”Keith McCoy, a senior ExxonMobil lobbyist, was secretly recorded by Greenpeace seemingly revealing how ExxonMobil fights against climate solutions.”},{“title”:”How Biden’s plan may get some to warm up to green energy”,”duration”:”03:58″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/06/10/green-renewable-energy-infrastructure-carroll-pkg-vpx-lead.cnn/index.xml”,”videoId”:”business/2021/06/10/green-renewable-energy-infrastructure-carroll-pkg-vpx-lead.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210610154850-greening-infrastructure-screengrab-large-169.jpg”,”videoUrl”:”/videos/business/2021/06/10/green-renewable-energy-infrastructure-carroll-pkg-vpx-lead.cnn/video/playlists/business-oil-energy/”,”description”:”CNN’s Jason Carroll reports from Iowa and West Virginia where some are warming up to green energy projects that would be funded by President Biden’s infrastructure plan.”,”descriptionText”:”CNN’s Jason Carroll reports from Iowa and West Virginia where some are warming up to green energy projects that would be funded by President Biden’s infrastructure plan.”},{“title”:”Climate milestone: Big Oil sent clear message by investors, courts”,”duration”:”03:57″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/05/27/exxon-chevron-shell-oil-emissions-climate.cnnbusiness/index.xml”,”videoId”:”business/2021/05/27/exxon-chevron-shell-oil-emissions-climate.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210513100637-01-exxonmobil-oil-climate-crisis-large-169.jpg”,”videoUrl”:”/videos/business/2021/05/27/exxon-chevron-shell-oil-emissions-climate.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”ExxonMobil, Chevron and Shell were hit with an unprecedented series of defeats. CNN’s Matt Egan recaps a momentous day for the pro climate campaign.”,”descriptionText”:”ExxonMobil, Chevron and Shell were hit with an unprecedented series of defeats. CNN’s Matt Egan recaps a momentous day for the pro climate campaign.”},{“title”:”Energy regulator: Pipelines are at the forefront of our national defenses”,”duration”:”02:50″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/05/10/neil-chatterjee-matt-egan-ferc-colonial-pipeline-orig.cnn-business/index.xml”,”videoId”:”business/2021/05/10/neil-chatterjee-matt-egan-ferc-colonial-pipeline-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210510120948-matt-egan-neil-chatterjee-large-169.jpg”,”videoUrl”:”/videos/business/2021/05/10/neil-chatterjee-matt-egan-ferc-colonial-pipeline-orig.cnn-business/video/playlists/business-oil-energy/”,”description”:”CNN’s Matt Egan interviews Neil Chatterjee, a commissioner on the Federal Energy Regulatory Commission, on the fallout following the shutdown of the Colonial Pipeline after a ransomware attack.”,”descriptionText”:”CNN’s Matt Egan interviews Neil Chatterjee, a commissioner on the Federal Energy Regulatory Commission, on the fallout following the shutdown of the Colonial Pipeline after a ransomware attack.”},{“title”:”The Rockefeller Foundation — founded on oil money — is dropping fossil fuels”,”duration”:”02:54″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/12/17/rockefeller-foundation-rajiv-shah-fossil-fuels-orig.cnn-business/index.xml”,”videoId”:”business/2020/12/17/rockefeller-foundation-rajiv-shah-fossil-fuels-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200909220626-pba-onu-large-169.jpg”,”videoUrl”:”/videos/business/2020/12/17/rockefeller-foundation-rajiv-shah-fossil-fuels-orig.cnn-business/video/playlists/business-oil-energy/”,”description”:”The Rockefeller Foundation was founded over 100 years ago using money largely made from Standard Oil. In an exclusive interview with CNN Business’ Matt Egan, the foundation’s current president Dr. Rajiv Shah explains why it’s now dropping all fossil fuel assets.”,”descriptionText”:”The Rockefeller Foundation was founded over 100 years ago using money largely made from Standard Oil. In an exclusive interview with CNN Business’ Matt Egan, the foundation’s current president Dr. Rajiv Shah explains why it’s now dropping all fossil fuel assets.”}],’js-video_headline-featured-214onho’,”,”js-video_source-featured-214onho”,true,true,’business-oil-energy’);if (typeof configObj.context !== ‘string’ || configObj.context.length