IEA

The International Energy Agency has kept its global oil demand growth forecast for 2024 unchanged at 970,000 barrels per day, driven by the end of the post-COVID economic rebound in China. The energy agency, however, trimmed its growth…
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Global electricity demand is expected to rise by around 4 percent this year, up from 2.5 percent in 2023, driven by robust economic growth, according to an analysis. In its latest report, the International Energy Agency highlighted that…
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World oil demand decelerated in the second quarter, with growth easing to 710,000 barrels per day year-on-year, driven by rising adoption of electric vehicles and economic headwinds, an analysis showed. In its latest report, the…
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Advanced smart grid technologies are pivotal for enhancing energy transition and system reliability, with projections indicating a need to double investments to $600 billion annually by 2030. In its latest report, the International…
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Africa’s rising energy demand requires substantial investments in clean power projects, which is crucial for the continent’s sustainable economic growth, an analysis revealed. In its latest report, the International Energy Agency said…
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The pace of deploying digital technologies in the energy sector will depend heavily on the ability to build a workforce with the right skills, according to an analysis. In its latest report, the International Energy Agency said that…
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Iran is responding to last week’s UN nuclear watchdog board resolution against it by expanding its uranium-enrichment capacity at two underground sites, but the escalation is not as big as many had feared, diplomats said on Wednesday.…
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Global oil demand growth is expected to slow in the coming years as the world continues its energy transition journey, according to a new analysis. In its latest report, the International Energy Agency said that the world will witness an…
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Energy investment in the Middle East is projected to reach approximately $175 billion in 2024, with clean resources accounting for around 15 percent of the total, a new report disclosed. The International Energy Agency’s analysis…
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The Middle East and North Africa region is registering the highest growth in the global renewable energy sector due to its relatively small current base and ambitious 2030 targets. In its latest report, the International Energy Agency…
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