Global gas demand is projected to rise by more than 2.5 per cent in 2024, with a similar growth expected in 2025, according to the latest edition of the International Energy Agency (IEA’s) annual Global Gas Security Review. Natural gas reserves in Africa totaled over 17.89 trillion standard cubic meters …
Read More »COP28: No Decision was Taken on Energy Transition, Says OPEC Chief
The Organisation of Petroleum Exporting Countries (OPEC) said yesterday there was no “single solution” to the energy transition as pressure grows to agree on phase-out of fossil fuels at the COP28 climate talks. “There is no single solution or path to achieve a sustainable energy future,” OPEC Secretary General, Haitham …
Read More »Global Crude Oil Demand to Peak in 25 Years
The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of energy, crude oil and its associated products will remain the largest contributor to the energy mix in the next 25 years. In its annual World Oil Outlook (WOO) 2020, released …
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