The credibility of the International Energy Agency continues to wane as it continues to advocate for an urgent shift towards a decarbonized economy. According to the IEA, global fossil fuel demand must decline 25% by […]
The world’s demand for oil, gas and coal will begin to decline this decade in “the beginning of the end” of the fossil fuel era, according to the global energy watchdog. The International Energy Agency (IEA) has […]
World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]
The United Arab Emirates has pledged $4.5bn in clean energy investments in Africa at a landmark climate summit aimed at showcasing the continent’s potential as a green powerhouse. Kenyan President William Ruto has sought to […]
Continued strong growth in Asian economies offsets declines in Europe and North America, highlighting need for stronger policies and investments to accelerate growth of clean energy Global coal consumption climbed to a new all-time high […]
IEA: EU gas markets set for new period of volatility. Europe is now relying much on LNG imports, and a cold winter would relaunch the race with Asia to attract cargoes. Europe’s single biggest gas […]
In the aftermath of the Ukraine crisis, the global energy crisis took the world by storm last year, reshaping the structure of natural gas markets and leaving profound implications in its wake for policymakers and […]
Global oil demand will increase by 2.2 million barrels per day (MMbpd) to reach a record high of 102.1 MMbpd in 2023, the International Energy Agency (IEA) said in its latest oil market report (OMR). […]
Authored by Daniel Turner via RealClear Wire, First they came for the cars. Then the gas stoves. Next was meat and dairy products. The latest on the chopping block? Wood-fired pizza. These types of tactics […]
In a surprising shift within the energy industry, major fossil fuel players are boldly asserting that natural gas will play a pivotal role in the transition to a greener future, Bloomberg reported. Industry leaders such […]
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