IEA

Global Oil Demand Slumps Amid Tariff Tensions, Says IEA

Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...

UK Hosts Global Energy Summit as Renewables Face Growing Criticism

An international summit on the future of energy security opens in London on Thursday, amidst major disagreements over the role of renewables in satisfying the world's thirst for energy. The two-day International Energy Agency (IEA) meeting takes place amid global economic turmoil sparked by wars in Ukraine and the Middle East. It also comes at a ...

Trade War Threatens Oil Demand Growth

Global oil demand growth is set to accelerate this year but the escalating trade war launched by US President Donald Trump threatens to disrupt the market, the International Energy Agency said Thursday. The IEA noted that crude prices dropped in February and early March as concerns grew about the impact of trade tensions on the global economy and ...