IEA: Global oil demand faces dropping numbers
The latest IEA Oil Market Report (OMR) notes that Global oil demand growth is losing momentum, with annual gains easing from 2.8 mb/d in 3Q23 to 1.8 mb/d in 4Q23.
Read moreThe latest IEA Oil Market Report (OMR) notes that Global oil demand growth is losing momentum, with annual gains easing from 2.8 mb/d in 3Q23 to 1.8 mb/d in 4Q23.
Read moreAccording to IEA, rising geopolitical tensions in the Middle East, which accounts for one-third of the world’s seaborne oil trade, has markets on edge at the start of 2024.
Read moreAccording to International Energy Agency (IEA), while the pledges made during COP 28 are positive steps forward in tackling the energy sector’s greenhouse gas emissions, they would not be nearly enough to move the world onto a path to reaching international climate targets, in particular the goal of limiting global warming to 1.5 °C.
Read moreAccording to IEA, for the very first time, on 28 August 2023, the United States met more than of half of its electricity demand from natural gas. It encapsulated a summer during which gas-fired electricity generation grew dramatically. In just the past two years, its share of the power mix rose from 40 to 45 percent for the summer months of July and August.
Read moreAccording to IEA, the global oil and gas industry encompasses a large and diverse range of players: from small, specialised operators to huge national oil companies. These producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products.
Read moreInternational Energy Agency (IEA) highlights that world oil output increased by 320 kb/d in October to 102 mb/d. However, there has been no material impact on oil supply flows from the war between Israel and Hamas that started in early October.
Read moreAgainst a backdrop of geopolitical tensions and fragile energy markets, the latest edition of the IEA’s World Energy Outlook, explores how structural shifts in economies and in energy use are shifting the way that the world meets rising demand for energy.
Read moreEmerging economies are expected to support overall demand, International Energy Agency (IEA)’s latest medium-term market report says, with new LNG supply likely to ease market strains after 2025.
Read moreNet zero and limiting global warming to 1.5 °C remains possible due to the growth of clean energy technologies, though momentum needs to increase, according to the International Energy Agency (IEA).
Read moreIEA presented a report to Oman to showcase how rich renewable resources and vast land expanses could make the country a competitive low-emissions hydrogen supplier by 2030.
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