Rigzone looks back at oil and gas market hits and misses for the week ending May 21, 2021. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) On May 18, the International Energy Agency (IEA) unveiled a report that it claims is the “world’s first comprehensive study” of how to achieve a net-zero emissions energy system by 2050. In a press release the IEA contends its report outlines a plan for reaching that goal while “ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth.” Moreover, it calls for an immediate end to fossil fuel supply project investments and predicts no sales of passenger cars powered by internal combustion engines by 2035. One of Rigzone’s regular market-watchers seems unimpressed with IEA’s grand proposal, and another sees it […]

Posted in: IEA