Tag Archives: International Energy Agency (IEA)

The International Energy Agency has revised down its prediction for oil demand growth this year, due to lower-than-expected consumption and a decline in industrial activity in Organisation for Economic Co-operation and Development member countries. Demand for 2024 was adjusted lower to 1.2 million barrels per day, about 100,000 bpd lower …

The world will need nuclear power generation to reach its emission reduction and net-zero targets, according to Fatih Birol, the executive director of the International Energy Agency (IEA). “Without the support of nuclear power, we have no chance to reach our climate targets on time,” Birol said ahead of a …

Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to a growing divergence between the IEA’s and OPEC’s outlooks on the future of the commodity, …

The International Energy Agency (IEA) will open its first regional office in Singapore, which will work with countries in Southeast Asia and beyond to enhance energy security and accelerate clean energy transitions. The IEA Regional Cooperation Centre will be the agency’s first office outside of its Paris headquarters. It is …

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency. World consumption will increase by 1.2 million to 1.3 million barrels a day in 2024, a “significantly weaker” pace than last year as economic growth slows …

Last week, Brent crude closed above $81 per barrel, close to $82. This was a solid increase from the start of the week when the international benchmark was trading at around $78 per barrel. Yet these prices are about the same as prices were when the Yemeni Houthis began attacking …

India’s role in global oil markets will likely expand substantially over the remainder of the decade, fueled by strong growth in its economy, population and demographics — making the country the largest source of demand growth, the International Energy Agency said in a report Feb. 7. n the report titled …

All of the world’s additional electricity demand over the next three years is expected to be met by low-emissions technologies, including renewables and nuclear power, as per the ‘Electricity 2024’ report by the International Energy Agency (IEA), which forecasts electricity market trends up to 2026. Global electricity demand, which saw …

Growth in global gas demand is set to pick up this year due to colder winter temperatures and easing prices, with emerging economies leading the increase in consumption, but geopolitical risks and supply-side concerns could trigger renewed price volatility, according to the IEA’s latest Gas Market Report. In 2023, global …

The International Energy Agency (IEA) has put Iran’s oil income in the first nine months of 2023 at about $34 billion, which was equivalent to 12 percent of OPEC’s total income in this period, Shana reported. Based on the IEA data, the total oil revenues of the 13 OPEC members …