The latest economic data suggests at a minimum that economic growth is slowing in the U.S. and a number of other major economies around the world, which has led the IEA to predict that oil demand ...
The world is set to add more than 5,500 gigawatts (GW) of renewable energy capacity between now and 2030, almost three times the increase between 2017 and 2023, the IEA Renewables 2024 report said.
Demand targets, however, are only just over a quarter of the production projects, and progress made so far in the hydrogen sector is not sufficient to meet climate goals, the IEA added.
In its latest assessment, the IEA believes growth would be below 1 million bpd this year. The chasm between the two forecasting bodies has widened so much in the past two years that they now hold ...
“This report shows that the growth of renewables, especially solar, will transform electricity systems across the globe this decade,” IEA Executive Director Fatih Birol said in a statement.
Oil prices declined due to perceived global economic slowdown and conflicting supply/demand forecasts from EIA, IEA, and OPEC, creating market distortions. Global crude oil production peaked in ...
In the report, the IEA said the 200 nations that participated in the Dubai summit could achieve its commitments, which include net zero emissions by 2030 as well as tripling renewables.
According to the latest International Energy Agency (IEA) Global Gas Security Review, demand is forecast to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. However ...
It's not a question of 'if', it's just a matter of 'how soon' - and the sooner the better for all of us," said International Energy Agency (IEA) Executive Director Fatih Birol. The report ...
The IEA report suggests that the renewable energy goal “is within reach thanks to favourable economics, ample manufacturing potential and strong policies” but adds that more renewable capacity ...
“It is not excluded that some sort of continued arrangement for transit flows might yet be found,” the IEA said in a report Thursday. “But the base case assumption is that Russian transit ...
Global oil demand will rise less than previously thought this year, led by weakness in China, the International Energy Agency (IEA) said on Thursday, bolstering its view that consumption is ...