Global oil demand is recovering from its May low and is expected to surpass 2025 levels by October, according to the IEA. Despite improved demand, the agency expects a market surplus later this year amid recovering tanker flows and rising crude supplies
Fatih Birol warned Europe faces jet fuel shortages within weeks if the Strait of Hormuz closure continues, risking flight disruptions, rising prices, and wider global economic impact, especially for developing nations dependent on Middle East energy supplies.
Over 40 energy assets in nine West Asian countries have been severely damaged due to the Iran war, disrupting oil and gas supplies. The IEA has warned of serious global economic consequences, with supply losses already exceeding previous major energy crises
New Delhi: Electric vehicles are expected to be the future of transportation due to their low carbon footprint and low energy use. They provide clean mobility and reduce the environmental impact of conventional transportation. The International Energy Agency (IEA) predicts that by 2030, the worldwide fleet of electric vehicles will reach 145 million. As more […]
