Global refining throughput will increase in the last quarter of the year by more than 2 million bpd, according to the International Energy Agency.
Amid deep disruption and uncertainty caused by the pandemic, the IEA believes that a surge in well-designed energy policies is needed to put the world on track for a resilient energy system that can meet climate goals.
IEA’s Sustainable Recovery Plan offers a three-year roadmap for energy industries that will ensure a greener post COVID-19 economic recovery.
IEA explores the effects of Covid-19 on the energy industry in a series of reports, ranging from the decline in fuel prices to hydropower generation in Africa.
During this period of low oil prices, governments should focus on investing in low-carbon energy, the OECD and IEA state.
According to the IEA’s new report, the Covid-19 pandemic will cause global investment to fall dramatically in every major energy sector, including the oil and gas industry.
A new report from the IEA provides almost real-time picture of impact of COVID-19 crisis in 2020 across all major fuels.
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions, reports the IEA.