Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Continue Reading
IEA Warns Global Oil Supply to Struggle to Meet 2023 Demand A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage Continue Reading
Fuel markets, especially those of diesel and kerosene, may continue to be very tight amid uneven global demand growth rates and limits in the refining capacity, the International Energy Agency Continue Reading
Global demand for oil will rise above prepandemic levels next year following three years of Covid-19 lockdowns and the economic shock of the Ukraine war, the International Energy Agency said. Continue Reading
IEA sees global oil demand above pre-pandemic levels in 2023 at 101.6 mil b/d IEA predicts China-led oil demand growth of 2.2 mil b/d in 2023 versus 1.8 mil b/d Continue Reading
Europe could face energy shortages next winter after Russia’s invasion of Ukraine has deepened the region’s energy crisis, the head of the International Energy Agency (IEA), Fatih Birol, warned on Continue Reading
IEA Chief Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. Back in the 1970s, the crisis was just about oil. Birol: The world, Continue Reading
The energy security crisis since Russia’s invasion of Ukraine must not lead to a deeper dependence on fossil fuels, International Energy (IEA) chief Fatih Birol said on Monday. The right Continue Reading
IEA: slowing demand growth and rising production from other major oil economies will help weather the effect of sanctions on Russia. IEA revises demand growth figures for 2022. Accelerating inflation Continue Reading
China consumption estimate reduced by 925,000 b/d in April Global market now seen in balance for much of the year The International Energy Agency cut its forecast for global oil Continue Reading
