– Oil prices climbed sharply on Friday, with Brent crude touching $110 a barrel for the first time since May. Worries that escalating Middle East tensions could further tighten supplies drove the rally. Brent for...
Tag : international energy agency
– Oil prices traded near $102 a barrel on Monday after an early jump pushed Brent above $103. Brent crude futures stood at $102.30 a barrel at 0900 GMT, up 5 cents. U.S. West Texas...
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International...
Global energy demand increased sharply in 2024, rising by 2.2% and nearly doubling its average annual growth rate of the previous decade, according to the latest Global Energy Review released by the International Energy Agency...
Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new report from the International Energy Agency (IEA) released today. The...
Representatives from 61 countries gathered in Paris for the Artificial Intelligence (AI) Action Summit, reaching a consensus on principles for ethical and inclusive AI development. The summit, held on Tuesday, concluded with a joint declaration...
MENA Newswire News Desk: The United Arab Emirates is expected to exceed its renewable energy capacity goals for 2030, according to a report by the International Energy Agency. The IEA’s "Renewables 2024" report highlights that...
MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment and development. However, the report underscores the need for stronger policies...