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Global electricity demand is forecast to grow by around 4% in 2024
The world's demand for electricity is rising at its fastest rate in years, driven by robust economi…
ANI
India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA
India, the world's third biggest oil importer and consumer, will in the second half of the decade b…
PTI
IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.
Yuheng Zhan
India will be the largest source of oil-demand growth for the next 7 years, IEA says
The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…
Aruni Soni
It's the beginning of the end for global oil demand, IEA chief says
New projections suggest the age of relentless growth for energy demand is about to let up, the Inte…
Phil Rosen
Global fossil fuel demand is likely to peak this decade as the clean energy economy grows, IEA says
The clean energy sector has struggled recently, but remains "the most dynamic aspect of global ener…
Aruni Soni
Oil markets could shift into surplus in early 2024 as demand growth slows and non-OPEC+ producers lead supply growth, IEA says
Oil supply is booming, especially from non-OPEC+ countries, and it will encounter slowing demand ne…
Aruni Soni
Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…
Filip De Mott
Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says
By 2050, the energy group said, fossil fuel demand would have to tumble by 80% to achieve the lates…
Phil Rosen
Another Russian energy war is a real threat to Europe, IEA warns
A colder winter and lower gas exports from Russia could leave the European Union vulnerable, the In…
Filip De Mott
Emissions from the cement and steel sector will continue blowing past their carbon budgets, hindering warming targets
While the International Energy Agency's rosy 2010 scenario envisioned capturing and storing nearly …
Oil's resilience: Defying decline amidst electric vehicle surge, global demand hits record highs
According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchas…
ANI
Climate crisis: Net zero goal still alive, says IEA
Globally, the rate at which people are installing solar panels and buying electric vehicles is "per…
PTI
Russia is exporting the most oil since invading Ukraine as Moscow has little trouble finding willing buyers, IEA says
"Russia seems to have few problems finding willing buyers for its crude and oil products," IEA said…
Carla Mozée
Oil demand will hit a new record in 2023, driving up prices as supply declines, IEA says
Oil demand could jump to 101.9 million barrels a day in 2023, with more than half of that stemming …
Jennifer Sor
India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions
Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…
Filip De Mott
Russia's oil and gas revenue plunged 40% in January as western sanctions take a toll, IEA says
Russia's oil and gas exports pulled in $18.5 billion in January, a 38% drop from January of last ye…
Jennifer Sor
China's economic rebound will push global oil demand to an all-time in 2023, IEA says
"Two wild cards dominate the 2023 oil market outlook: Russia and China," according to the Internati…
Phil Rosen
Oil supply is looking tighter and prices could climb as US production outlook gets cut in half this year, RBC commodities chief says
US oil production growth could be slashed in half this year, down from a million barrels to just 50…
Jennifer Sor
Russian oil revenue has been hurt by effective price cap even as exports by Moscow have been resilient, says IEA
Russia's export revenue fell 36% in January from a year ago to $13 billion, the IEA said in its Feb…