Thursday, November 28, 2024
Will the world see a “Staggering” oil supply glut in 2030?- oil and gas 360

Will the world see a “Staggering” oil supply glut in 2030?

Oil Price The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. The report received considerable media attention because of the projection that by 2030 oil production will reach “a staggering 8 million barrels per day above projected global demand.” The report cites the proliferation of electric vehicles,

World is in its 'first truly global energy crisis' - IEA's Birol- oil and gas 360

World is in its ‘first truly global energy crisis’ – IEA’s Birol

Yahoo SINGAPORE -Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA) said on Tuesday.   Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese appetite for

The world is hungry for lithium. Geothermal energy could transform how it’s sourced

The world is hungry for lithium. Geothermal energy could transform how it’s sourced

CNBC The southwest of England is famed for its dramatic coastline, verdant countryside and fresh seafood. If all goes to plan, another string could be added to the region’s bow over the next few years: lithium extraction. In the county of Cornwall, efforts are underway to tap into the area’s natural resources and establish an industry which could, one day,

World Hungers for Oil: IEA

The International Energy Agency (IEA) released a new Oil Market Report (OMR) today. In its OMR, the IEA said countries across the globe have been steadily consuming more and more oil over the past few years. The IEA said that global oil demand growth for 2018 has increased slightly to 1.4 million barrels per day (mb/d), partly due to an