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.
Highlighting the US shale revolution as a major force in reshaping the global energy landscape, the IEA has released its latest policy review.
The IEA Commission for Urgent Action on Energy Efficiency has been established, composed of government ministers, business executives and thought leaders.
The IEA has reported that international action can scale up hydrogen production to make it central to a clean energy future.
The IEA has released its latest annual market report, stating that over the next five years demand for natural gas from Asia will drive growth in the global gas industry.
The International Energy Agency notes that the global oil market is now adequately supplied but high oil prices should be avoided.
According to the IEA, refiners and shippers are set to rise to challenge of new IMO rules, one of biggest industry shake-ups.
Petrochemicals will outpace cars, trucks and aviation in future oil demand growth, even with ambitious efforts to promote recycling and promote greater efficiency.