Oilprice.com (December 2)
“OPEC+ will meet this Sunday to discuss its production targets for January 2023, amidst a widening discrepancy between oil market watchers as to what we should be expecting next year…. The IEA’s global oil demand growth for 2023 stands at a mere 1.7 million b/d whilst OPEC expects 2.55 million b/d.”
Tags: 1.7 million b/d, 2.55 million b/d, 2023, Demand growth, Discrepancy, Global, IEA, January, Oil market, OPEC, Production targets
New York Times (July 14)
President Biden is in the Middle East hoping production may be increased, “but the oil crunch may already be easing. A report yesterday from the International Energy Agency suggests that the worst of the supply crisis may be over.” The IEA slashed its demand forecasts “for this year and next, pointing to high prices that would reduce consumption and slow the global economy.”
Tags: Biden, Consumption, Demand, Easing, Forecasts, Global economy, High prices, IEA, Middle East, Oil crunch, Production, Supply crisis
GCaptain (July 11)
“The hurdles African countries face in transitioning to gas or green energy mean millions of people are burning dirtier fuels such as charcoal instead, breathing in deadly fumes and generating more emissions. The IEA estimates that the number of people in sub-Saharan Africa without access to clean cooking fuel will grow by 6% a year from 2020 to 2030.”
Tags: Access, Africa, Breathing, Burning, Charcoal, Clean, Cooking fuel, Deadly fumes, Dirtier, Emissions, Gas, Green energy, Hurdles, IEA, Transitioning
Wall Street Journal (August 12)
“The rapidly-spreading coronavirus Delta variant and its impact on the global economy mean the world will consume less oil this year,” Lowering its forecast, the IEA’s latest market report notes that “the worsening of the pandemic, as well as revisions to historical data, mean its global oil demand outlook has been “appreciably downgraded,” with some of this year’s forecast recovery shifted to 2022.”
Tags: Coronavirus, Data, Delta variant, Demand, Downgraded, Forecast, Global economy, IEA, Impact, Oil, Outlook, Pandemic, Recovery, Worsening
Houston Chronicle (May 19)
“The International Energy Agency, the body that advises governments on energy and is widely respected among politicians of all stripes, warned Tuesday that nations need to halt oil and gas development this year if they are to meet their target of net-zero greenhouse gas emissions by 2050 and avoid catastrophic climate change.”
National Geographic (November 12)
“In an indication how ‘fracking’ is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017. And within just three years, the United States will unseat Russia as the largest producer of natural gas. Both results would have been unthinkable even few short years ago.”
Tags: Fracking, IEA, Natural gas, Oil, Producer, Russia, Saudi Arabia, U.S.
