International Energy Agency

World faces ‘staggering’ oil glut by end of decade, report says

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World faces ‘staggering’ oil glut by end of decade, report says

(NewsNation) — By the end of the decade, the world will have more oil than it knows what to do with, according to a new report. Global oil demand will peak by 2029 and then contract while supply is expected to grow, the International Energy Agency (IEA) said in its new oil market outlook. If … Read more

Global CO2 emissions from energy hit record high in 2023: report – National

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Global CO2 emissions from energy hit record high in 2023: report – National

Global energy-related emissions of carbon dioxide (CO2) hit a record high last year, driven partly by increased fossil fuel use in countries where droughts hampered hydropower production, International Energy Agency (IEA) said on Friday. Steep cuts in CO2 emissions, mainly from burning fossil fuels, will be needed in the coming years if targets to limit a global rise in … Read more