The International Energy Agency once projected that oil and gas demand could level off by 2030. Now it’s backing off, sort of.
Tag: International Energy Agency
Why Everyone Wants to Meet the ‘World’s Most Boring Man’
Politicians, oil giants and climate activists hang on his every word. The Trump administration has blasted him. How did Fatih Birol get so big?
Will Oil Demand Peak Soon? Trump Administration Doesn’t Want to Hear It.
It is lashing out at the world’s leading energy organization for saying oil and gas use could start declining as the world pivots to cleaner alternatives.
Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says
A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check.
Oil Prices Fall After Israel Reportedly Says It Won’t Target Iran’s Nuclear or Oil Facilities
Brent crude, the international benchmark, was trading at below $74 a barrel on Tuesday, a drop from the $80 range.
Kuwait Turns to Power Cuts as Climate Change Strains Its Grid
The Persian Gulf nation has instituted rolling blackouts to cope with surging summer electricity demand, stirring frustration among citizens.
Driven by China, Coal Plants Made a Comeback in 2023
The country, along with India, is still building power stations that run on coal. Elsewhere, retirements of older plants have slowed.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
I.E.A. Sees Oil, Gas and Coal Demand Peaking By 2030
The prediction, which has stirred controversy among oil producers, is a sign of a sweeping transformation in the global energy landscape.
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.