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Jun 12, 2024 · The world could have a glut of oil by the end of the decade because of rising production combined with declining demand as consumers and businesses switch to electric vehicles and renewable...
Feb 19, 2022 · Increased demand and supply shortages have pushed oil prices to nearly $100 per barrel. The high-price environment could give rise to an increase in drilling and coal usage. Energy...
Jun 14, 2023 · Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report released today.
Jun 12, 2024 · New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector. Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance.
Jun 12, 2024 · The report provides detailed analysis and forecasts of oil demand fundamentals across fuels, sectors and regions. It also outlines projected supply from planned upstream and downstream projects around the world.
Feb 26, 2021 · COVID-19 sent shocks through global oil markets, with oil demand and supply still struggling to return to pre-pandemic levels. Our outlook looks back at 2020 and presents our most-likely scenarios for oil demand, supply, and prices through 2040.
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Is global oil demand slowing?
Could an oversupply of oil lead to a 'lower price environment'?
Will sustainability change the price elasticity of oil?
Will oil price spikes if the energy transition is not a concerted effort?
Feb 16, 2022 · A global movement towards sustainability may eventually change the low price elasticity of demand for oil. But while the energy transition continues apace it's important to understand how supply and demand factors influence the price of oil and therefore the wider economy.
