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Global oil markets face record supply glut next year, says IEA

World oil demand this year and next is growing at less than half the pace seen in 2023.

IEA report: Is the oil industry in a crisis?

Despite ongoing conflicts involving major oil producers, global oil prices have remained surprisingly subdued. Structural shifts in supply, demand, and clean energy adoption are redefining the future of the oil sector.

Global oil demand expected to rise this decade despite China reaching peak in 2027, says IEA

Barring any major disruption to the oil market, the world is likely to be well-supplied over the next five years, Fatih Birol said.

India spent $100 billion on clean energy in 2024, China $627 billion, say IEA

India looks set to reach its 2030 target of 50% non-fossil generation capacity ahead of schedule. There has been a surge in investment in renewables, led by solar PV, IEA has said in a report

Global oil demand growth to slow for rest of 2025 as supply jumps, IEA says

By Robert Harvey and Enes TunagurLONDON Global oil demand will rise more slowly for the remainder of 2025 due to economic headwinds combined with r..

ONGC, India’s top oil and gas explorer, prepares for a looming glut

According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity use leading to a surplus of oil and gas.

India’s LNG imports poised to more than double by 2030, says IEA

India's natural gas demand to surge by 2030, doubling LNG imports, says IEA

Rapid urbanisation and industrialisation is set to transform the energy market in the world's fifth-largest economy and drive gas demand growth through the end of the decade and possibly beyond that, the IEA said in a report.

Yearender 2024: India’s coal dependence for its energy needs is here to stay

India continues to rely on coal fired power to meet its energy demand because renewable power is mired with intermittency in the absence of energy storage facilities

Global coal demand set to stay near record till 2027, says IEA, production at all-time high

India, China and Indonesia's coal output reached record levels in 2024, underscoring the growing need for affordable energy to drive growth and sustain economic development.

The coal cue in India’s energy transition: a reality check

India is making rapid strides in renewable energy, but coal will continue to dominate for quite a few decades

How to address the conflict in global energy financing

The skewed distribution of global investment in clean power projects is a concern for India and other developing nations

Crude inventory slump leading to squeezing refinery margins: IEA

IEA said oil supply is currently struggling to keep pace with peak summer demand, tipping the market into a deficit. Meanwhile, oil products made gains, supported by large builds in US LPG.

Solar PV, wind energy to dominate renewable energy capacity addition goals: IEA

IEA said global renewable capacity additions reached almost 560 gigawatts (GW) in 2023, an unprecedented 64 percent year-over-year increase from 2022.

Fast-tracking transition will make clean energy cheaper, more affordable: IEA report

Many clean energy technologies, such as solar and wind power, are already cheaper over their lifetimes than traditional fuels like coal and oil, the Strategies for Affordable and Fair Clean Energy Transitions report says

IEA slashes oil-demand projection citing poor industrial activity, weather patterns

IEA said that the world fuel consumption will increase by 1.1 million barrels a day this year, about 140,000 barrels less than expected a month ago.

Investment in clean technology manufacturing increases 70% to $200 billion in 2023: IEA

The IEA report noted that solar PV and battery manufacturing accounted for more than 90 percent of the total investments in both 2023 and 2022. Investment in solar PV manufacturing more than doubled to around $80 billion in 2023, while investment in battery manufacturing grew by around 60 percent to $110 billion.