T he International Energy Agency (IEA) has cut its 2024 oil growth forecast by 7.2% to 900,000bpd, a decrease of 70,000bpd from a previous estimate.

KEY TAKEAWAYS Global oil demand growth is set to slow to just under 1 million barrels a day this year and next, according to the International Energy Agency (IEA).China's weakening economy is ...

Global oil demand will rise less than previously thought this year, led by weakness in China, the International Energy Agency (IEA) said on Thursday, ...

China consumes more coal that all other countries combined and the IEA said emissions from the fuel were 8.6 gigatons in 2022, or about 70% of the country's total and one-quarter of global energy ...

Birol is visiting London as the IEA and the UK government convene a two-day summit of more than 60 countries and numerous companies to discuss the future of energy security.

(Bloomberg) -- China’s oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency ...

Global coal demand is likely to have peaked this year, and could drop by about 2% over the next three years as China brings more renewable energy sources online, the International Energy Agency ...

A slowdown in the growth of China’s fuel use is without precedent for a country at its stage of economic development, the International Energy Agency said. Rapid uptake of alternative transport ...

LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in ...

Even so, the IEA says electricity use by data centers in China could double by 2027. The growth of 5G networks in China is also eating up more electricity, according to the IEA.

Global oil demand growth is set to slow to just under 1 million barrels a day this year and next, according to the International Energy Agency (IEA), which attributed the view to China's weak economy.

China is both the problem and the solution to the energy transition, given the outsized role it plays in the consumption of fossil fuels and the production and deployment of renewable technologies.