The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said. The IEA cut forecasts for world oil consumption in 2021 by 200,000 […]
New Delhi: India is set to experience the largest increase in energy demand of any country worldwide over the next 20 years as its economy continues to develop, according to a recent report by International Energy Agency (IEA). It […]
According to the International Energy Agency, power generation from wind in South Africa is expected to reach 81 trillion watt-hours by 2040. With an Integrated Resource Plan (IRP) based on least-cost supply and demand balance […]
This edition of the Short-Term Energy Outlook (STEO) is the first to include forecasts for 2022. The January STEO remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity and […]
(Bloomberg) –Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a barrel, to the highest […]
OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]
Energy News Beat Publishers Note: Fossil fuels will be around a while. The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s […]
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