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1 min read
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
2 mins read
The stock market's Trump honeymoon is turning sour
More than half of the stock market's post-Trump-election rally has been erased.
Filip De Mott
1 min read
Stock market today: Indexes tumble after Fed comments dent December rate-cut odds
Stock indexes retreated as investors digested comments that the Fed is in no hurry to reduce intere…
Filip De Mott
2 mins read
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central …
Kelly Cloonan
2 mins read
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
1 min read
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
2 mins read
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
2 mins read
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
1 min read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
1 min read
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
1 min read
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
4 mins read
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
2 mins read
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…