PARIS - Oil demand has been on a rollercoaster ride over the last five years due to a global pandemic, wars, and other economic pressures. That’s happened against a backdrop of the U.S. ramping up shale production, countries tightly controlling how much oil is released, and the world transitioning to alternative energy sources. All these factors will culminate
NEW YORK - Despite a noted slowdown in the electric vehicle (EV) industry in 2024, significant progress has been made in their adoption over the last decade. Research by Finbold, using data from the International Energy Agency (IEA), found that the global electricity demand stemming from the usage of electric cars skyrocketed by 3,630.77% from 2,600
WASHINGTON DC - Global emissions of planet-heating gas hit a record high last year, the International Energy Agency announced Friday. But the rich economies cumulatively responsible for much of the carbon in the atmosphere saw their average emissions drop down to 1973 levels, driven largely by a transition away from fossil fuel power plants. For
WASHINGTON DC - The world has to add or replace 49.7 million miles of transmission lines by 2040 in order for countries to meet their climate goals and to achieve energy security priorities, according to a new report published by the International Energy Agency on Tuesday. That amount is roughly equivalent to the total number of
WASHINGTON DC - The International Energy Agency estimates that global demand for oil is set to peak at the end of the decade before going into decline. The agency expects total demand will grow about 6% from 2022 to 2028, but that there are a number of things driving demand down. One is that demand for oil for transportation is
