LONDON, March 13 (Reuters) - Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth led by the United ...

The IEA’s February oil market report had suggested a slightly narrower surplus of around 500,000 bpd, Reuters calculations based on IEA data show. The IEA revised down its 2025 oil demand growth ...

But Chinese consumption of petroleum transportation fuels — gasoline, diesel and jet fuel — declined slightly last year, the IEA said. “A plateau in China’s demand for fuels is significant ...

Birol’s stance differs from the IEA’s messaging in 2021 that the world would not need new oil and gas exploration and new field investments if it is to meet its net zero emissions pledges as ...

But in 2024, that changed — and in the next three years, the IEA expects many advanced economies, including the U.S., to see power demand grow, driven in part by data centers and electric vehicles.

The IEA said in its latest electricity report that coal accounted for around 62 percent of the country’s power generation mix in 2024. While there is a strong push to roll out renewables ...

But it also presents evolving challenges for governments in ensuring secure, affordable and sustainable electricity supply,” Keisuke Sadamori, IEA director of energy markets and security ...

India’s renewable energy share is set to grow from 21 per cent in 2024 to 27 per cent by 2027, with solar PV leading the expansion, rising over 28 per cent between 2025 and 2027, according to ...

Birol has been under pressure from Trump’s administration and from the president’s fellow Republicans in Congress for the IEA’s shift in recent years toward a focus on clean energy policy. In 2021, ...

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