IEA Archives - Maritime Shipping News

Why Solar and EVs Struggle to Shift the Oil Paradigm

1 November 2023

Credits: Eilis-garvey-unsplash

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 .

The IEA predicts a peak in oil, gas, and coal demand, sparking debate between industry players and agencies like OPEC.
Developing countries like China and India, driven by improving living standards,...

https://mfame.guru/why-solar-and-evs-struggle-to-shift-the-oil-paradigm/

IEA Predicts Global Oil Demand Peaking This Decade

24 October 2023

(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…

https://gcaptain.com/iae-global-oil-demand-peak/

In focus: Advanced economies should pave the net-zero way as bolder action is needed

29 September 2023

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...

https://www.offshore-energy.biz/in-focus-advanced-economies-should-pave-the-net-zero-way-as-bolder-action-is-needed/

IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

26 September 2023

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.

https://www.offshore-energy.biz/iea-methanol-to-take-a-backseat-as-ammonia-blazes-the-trail-in-shippings-decarbonization-journey/

Growth in global oil demand is set to slow significantly by 2028

11 August 2023

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 At 18-Month High: IEA

16 March 2023

Credit: ian-taylor-unsplash

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 inventories

The 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...

https://mfame.guru/global-oil-stocks-at-18-month-high-iea/

The Richest 1% Emit 1000 Times More CO2 Than The Bottom 1%

3 March 2023

Credit: chris-leboutillier–unsplash

The world’s top 1% of emitters produce over 1000 times more CO2 than the bottom 1%, states a IEA news source.

CO2 emissions are highly unequal across income groups and regions

Wealth, energy use, and the consumption of goods and services are unevenly distributed across the world. Carbon dioxide (CO2) emissions are no exception. Emissions vary across countries and across generations, but even more so across income groups.

This commentary is part of the IEA’s...

https://mfame.guru/the-richest-1-emit-1000-times-more-co2-than-the-bottom-1/

World’s First Fossil Fuel Registry Launched

19 September 2022

Climate campaigners have launched the world’s first registry of fossil fuel reserves, production and emissions, reports Al-Jazeera.

Global Registry of Fossil Fuels

The Global Registry of Fossil Fuels is the first large-scale public database to track what is yet to be burned. Its launch coincides with global climate talks set to take place at the UN General Assembly in New York.

The world’s first database for tracking global fossil fuel production, oil and gas reserves, and emissions is set to...

https://mfame.guru/worlds-first-fossil-fuel-registry-launched/

World Oil Demand Growth ‘Continues To Lose Momentum’!

15 September 2022

Global oil demand continues to lose momentum due to China’s economic weakness and a slowdown in countries of the Organization for Economic Cooperation and Development, the International Energy Agency said Sept. 14, trimming its 2022 demand growth estimate by 100,000 b/d, reports SP Global.

Switching from gas to oil

Lowering its demand growth estimate for 2022 to 2 million b/d, the IEA noted demand had found some support from high gas prices prompting a switch from gas to oil in power generation...

https://mfame.guru/world-oil-demand-growth-continues-to-lose-momentum/

Soaring Energy Prices Doubled The Fossil Fuel Consumption!

31 August 2022

Official data show that overall government support for fossil fuels in 51 countries worldwide doubled to 697.2 USD billion in 2021, from 362.4 USD billion in 2020 owing to increased energy prices.
Consumption subsidies are predicted to rise even further in 2022.
Analysis of transfers and tax breaks in G20 economies showed total fossil fuel support rose to USD 190 billion in 2021 from USD 147 billion in 2020.
Combining estimates covering 51 major economies, G20 and 33 other major...

https://mfame.guru/soaring-energy-prices-doubled-the-fossil-fuel-consumption/

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