[ad_1] According to a new publication from the International Energy Agency, the planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020. Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by nearly 5% in 2021 and 4% in… Continue reading IEA: Green electricity is not enough to meet rising demand
Tag: IEA
IEA: High oil prices may slow economic recovery
[ad_1] While the current high prices could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries, Report informs, citing the July 2021 Oil Market Report of the International Energy Agency (IEA). Analysts remind that… Continue reading IEA: High oil prices may slow economic recovery
IEA: Global demand for natural gas to grow by 3.6%
[ad_1] The International Energy Agency (IEA) predicts a 3.6% growth in global demand for natural gas this year, Report informs via foreign media. Besides, the agency expects the demand to rise by 1.7% in 2022-2024. The IEA believes that while the Paris Agreement, signed by more than 190 countries to limit temperature increases to 1.5… Continue reading IEA: Global demand for natural gas to grow by 3.6%
IEA: OPEC countries fulfilled deal by 124%, non-OPEC countries by 94%
[ad_1] The OPEC+ countries participating in the agreement on the oil output cut in May 2021 increased its production by 320,000 barrels per day (bpd), to 40.39 million bpd, mainly due to Saudi Arabia, which compensates for 1 million barrels voluntarily reduced in February within the OPEC+ agreements, Report informs referring to the June report… Continue reading IEA: OPEC countries fulfilled deal by 124%, non-OPEC countries by 94%