IEA pledges collaboration with NUPRC low emission regulations
Sopuruchi Onwuka Nigeria and the International Energy Agency (IEA) agreed to deepen cooperation on data integrity, energy transition planning, and upstream sector governance following a high-level meeting between the Agency’s delegation and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in…
IEA sees huge global oil market oversupply
Market watchdog providing advisory for industrialized European and American countries, the International Energy Agency (IEA) has predicted supply glut in the global oil market in the last quarter of the year and 2026. The agency which services the interest of…
IEA cancels Peak Oil forecast, extends petroleum dominance by 25 years
Sopuruchi Onwuka Earlier predictions by the International Energy Agency (IEA) and similar analysts that oil and gas demand was crumbling under the weight of global campaign for energy transition and climate action are now facing a review to adjust them…
More oil coming to market as global 2P reserves hit 1.5 trillion barrels
Global 1P reserves grow by 5Bbbls A total of 1.572 trillion barrels produced in past 124 years Sopuruchi Onwuka The world is not really coming to the end of petroleum consumption as more exploration and production investments achieve significant reserves…
Global energy investments indicate shifting demand patterns
Sopuruchi Onwuka The declaration by the International Energy Agency (IEA) that some 67 percent of the $3.3 trillion of global energy investments in 2025 is dedicated to development of clean energy amplifies the staggered but determined move by global institutions…
Oil demand to slow by 2028 __IEA
New medium-term report by the International Energy Association (IEA) sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. Growth in the world’s demand for oil is set…
Europe solidifies decision to ban new combustion cars by 2035
The threat to sustainable oil demand is increasing in Europe where the regional economic bloc has decided in concrete terms to end use of petrol for vehicular transportation in the next 13 years in line with already running emission reduction…
Oil market to be jolted by European demand shift
Sopuruchi Onwuka Demand shift expected from looming drop in the European consumption of Russian oil will in the week begin to reshape forces in the market, and probably propel a new direction in prices. According to the International Energy Agency…
OPEC, IEA see stronger oil demand, rising prices
Sopuruchi Onwuka Figures and forecasts by the world’s oil market antagonists, the Organization of Petroleum Exporting Countries (OPEC) and International Energy Association (IEA) confirm that galloping demand propels increase in the prices of crude oil and natural gas liquids. Whereas…
