Global electricity demand to double by 2050, IEA’s World Energy Outlook says
Electricity demand is set to increase at levels equivalent to adding a new Japan to the world each year, the International Energy Agency said
Global electricity demand seen doubling by 2050, IEA says in new report
Crude oil futures remained steady amid weaker demand outlooks and reduced risk premium in the Middle East. Global electricity demand seen doubling by 2050, IEA says in new report.
Lower oil and natural gas prices, higher electricity demand expected over next five years: IEA
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for electricity will complicate efforts to reduce greenhouse gas emissions, the International Energy Agency (IEA) said Wednesday in its yearly World Energy Outlook.
Oil Slumps as IEA Trims Demand Forecast
KEY TAKEAWAYS Crude oil prices slumped Tuesday as the International Energy Agency (IEA) cut its projection for oil demand growth.The IEA noted China's slowing economy was behind the change.The shift came a day after the Organization of the Petroleum Exporting Countries (OPEC) lowered its oil demand outlook for 2024 and 2025.
Clean Energy Push to Bring Peak in Oil Demand by 2030, IEA Says
The momentum in clean energy sources amid growing electricity demand is "strong enough" to bring a peak in demand for fossil fuels, including oil, by the end of the decade, the International Energy Agency said Wednesday.
Shift to EVs, especially in China, to create headwinds for oil market, says IEA
The shift towards electric mobility, especially in China, is expected to create headwinds for the oil market, the International Energy Agency said on Wednesday. “China has been the engine of oil ...
China state grid optimises electricity for businesses
To optimise the business environment in the electricity market, state grid Wenzhou Power Supply Company in Zhejiang province ...
An energy market fueled by electricity is coming but even more clean energy is needed, report says
An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, ...
Chart of the Day: India’s electricity market to become third biggest in the world after US, China
Electricity demand across the globe is gaining pace due to transition to cleaner energies and rising demand from data centres ...
China’s rapid electrification is catching out oil producers
Over-estimating China’s appetite for crude has been a factor in oil markets this year, especially by the Organisation of the Petroleum Exporting Countries (Opec), and it’s a theme that looks likely to ...
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China to extend record aluminum output amid ample power
Still, China will be glad for the extra metal. The market for aluminum will remain tight due to rising consumption from ...
Tasnim News Agency14h
World Rapidly Moving into 'Age of Electricity,' Says IEA Chief
The world is rapidly transitioning to an electric energy system, driven by a growing reliance on clean sources, according to ...
Soaring electricity demand will prolong use of fossil fuels, IEA predicts
The world is entering a new age of electricity as artificial intelligence and widespread electrification have driven up ...
Solar boom in China turns electricity prices negative
Electricity prices have gone negative in parts of China as renewable energy overwhelms the grid.
China's rapid electrification is catching out oil producers: Russell
Over-estimating China's appetite for crude has been a factor in oil markets this year, especially by OPEC, and it's a theme that looks likely to continue in coming years.
Rise of solar power ushers planet toward 'age of electricity,' energy agency says
Renewable energy production is expanding at an unprecedented pace, led by the rapid rise of solar power. At the same time, ...