The IEA lowered its forecast for world oil demand for the second to fourth quarters of 2022 by 1.3 million bpd. For the full year it cut its growth forecast by 950,000 bpd to 2.1 million bpd for ...

More supply will pressure prices, with the IEA forecasting prices could drop by almost 80% to $6.9 per million British thermal units (mmbtu) in 2030 from $32.3 mmbtu in 2022 when prices hit record ...

LONDON (Reuters) -World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said ...

Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for electricity will complicate efforts to reduce greenhouse gas emissions ...

Senate Majority Whip John Barrasso is leading an effort to pressure the International Energy Agency to reverse its prediction that the world could soon reach “peak oil.” The Paris-based IEA is ...

Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy ...

According to the IEA, global oil demand hit a record 103 million bpd in June and could set another record in August. Global oil demand is expected to average 102.2 million barrels per day this ...

Oil prices have soared about 20% since late June but they could go even higher this year if the OPEC+ alliance sticks to its policy of restraining crude production, the International Energy Agency ...

Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said Thursday, with solar projects expected to outpace outlays on oil ...

The International Energy Agency (IEA) has shifted its stance, with Executive Director Fatih Birol stating that upstream investments in existing oil and gas fields are necessary to support global ...