IEA again raises oil demand outlook but still lags OPEC
March 14, 2024 The International Energy Agency raised its view for oil demand growth by 110,000 barrels per day (bpd) from its previous month’s forecast as Houthi attacks disrupt Red…
OPEC says IEA commentary on oil security encouraging
March 13, 2024 Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while…
Methane emissions from energy sector near record high in 2023 – IEAÂ
March 13, 2024 Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking…
OPEC, IEA at most divided on oil demand since at least 2008
March 11, 2024 Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at…
Global energy-related CO2 emissions hit record high in 2023 – IEA
March 1, 2024 Global energy-related emissions of carbon dioxide (CO2) hit a record high last year, driven partly by increased fossil fuel use in countries where droughts hampered hydropower production,…
COP28 president urges countries to set plans for fossil fuel transition
February 20, 2024 The United Arab Emirates, host of last year’s COP28 climate summit, called on Tuesday for governments to take action in transitioning away from fossil fuels. Intense negotiations…
Oil demand growth slowing as non-OPEC supply expands – IEA
February 15, 2024 Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast to the…
Renewable energy growth must accelerate to reach 2030 goal-IEA
Jan. 11, 2024 Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of…
Global coal use at all-time high in 2023 – IEA
December 15, 2023 Global coal use is expected to reach a record high in 2023 as demand in emerging and developing economies remains strong, the International Energy Agency (IEA) said…
COP28: How electric vehicles are accelerating the end of the oil age
December 6, 2023 There is plenty of hand-wringing on display at the COP28 climate conference in Dubai about the slow pace of reducing the consumption of fossil fuels to fight…