IEA warns of unpredictable oil market

IEA warns of unpredictable oil market

(VOVWORLD) -The EU’s embargoes on Russian crude and oil product imports and a ban on maritime services will put further pressure on global oil balances, and, in particular, on...
Energy prices could rise further, warns IEA

Energy prices could rise further, warns IEA

(VOVWORLD) - The International Energy Agency (IEA) has warned that energy prices and volatility in the sector could rise further due to supply issues among the group of major producing nations
Growth in global oil demand will slow by 2025

Growth in global oil demand will slow by 2025

(VOVWORLD) - Growth in global oil demand is expected to slow by 2025 as fuel efficiency improves and the use of electric vehicles increases, the International Energy Agency (IEA) said on...
Europe towards coal phase-out

Europe towards coal phase-out

(VOVWORLD) - Coal, a major fossil fuel, helped in Europe‘s 2 decade long industrial revolution. But the use of coal has severely damaged the environment and worsened climate change, prompting...