The International Energy Agency has lowered its outlook for Russia’s oil production this year by only a narrow margin even with sweeping western energy sanctions, as the Paris-based organization expects the nation to come up with workarounds.
https://gcaptain.com/iea-sees-muted-effects-of-new-russia-sanctions-amid-workarounds/
The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that the balance of supply and demand will shift toward oversupply in the back half of the year and 2026.
“We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil demand,” the EIA wrote.” We forecast that the Brent crude oil price will average $74 per barrel (b) in 2025, 8% less than in 2024,...
https://www.freightwaves.com/news/strength-then-oversupply-parsing-the-latest-eia-oil-forecast
Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a…
The International Energy Agency’s (IEA) World Energy Outlook 2024 sheds light on critical vulnerabilities in today’s global energy system, exacerbated by regional conflicts and geopolitical tensions. The IEA argues these pressures underscore…
The global energy landscape is marked by a contentious debate about the future of oil, with the IEA’s prediction of peak demand clashing with the interests of major industry players and the realities of energy demand in developing nations, as reported by Oilprice .
https://mfame.guru/why-solar-and-evs-struggle-to-shift-the-oil-paradigm/
(Bloomberg) — Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling…
Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.
The post In focus: Advanced economies should pave the net-zero way as bolder action is needed appeared...
In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the […]
The post IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey appeared first on Offshore Energy.
New IEA (International Energy Agency) medium-term report sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the...
https://ferryshippingnews.com/growth-in-global-oil-demand-is-set-to-slow-significantly-by-2028/
Global oil stocks have built to their highest level in 18 months, the IEA said today, which could provide a buffer later in the year when supplies will be “nowhere close” to matching demand, says an article published on Argusmedia.
Global inventoriesThe IEA’s monthly Oil Market Report (OMR) said global inventories rose by 52.9mn bl in January to 7.8bn bl, the highest since September 2021.
There were big builds in OECD countries, driven by reduced demand and by European...