Global oil demand is expected to rise by 1.7 million barrels per day (bpd) this year compared to 2022, the International Energy Agency (IEA) said on Wednesday, revising down by 100,000 bpd its demand growth estimate on the back of…
The IEA raised its demand growth estimates by 200,000 bpd for both 2021 and 2022 The market is tighter than expected, the agency said, but still warned that there would be a surplus in the first quarter of 2022 In…
By Uthman Salami Germany, the Europe’s largest economy is projected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out. The International Energy Agency (IEA) made…
Coal production is set to hit an all-time high according to the International Energy Agency (IEA) despite the curbing of production across several countries and aims for decarbonization following COP26. Coal demand has continued to increase through 2021 mainly due…
By Uthman Salami The international Energy Agency (IEA) has revealed that over seven hundred seventy million Africans have no access to electricity. In this population of Africans without access to electricity, Nigeria accounts for about 10 per cent. According to…
A resurgence in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050. The International Energy Agency (IEA) said on…
