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Iraq Bulletin

Tag : international energy agency

Business

Oil prices hit $110 a barrel on Middle East supply fears

iraqbulletin.co
– Oil prices climbed sharply on Friday, with Brent crude touching $110 a barrel for the first time since May. Worries that escalating Middle East tensions could further tighten supplies drove the rally. Brent for December delivery settled up $3.94,...
Business

China electric cars reshape fuel demand and Venezuela oil flows

iraqbulletin.co
BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International Energy Agency said China sold...
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Electricity consumption drives global energy demand surge in 2024

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Global energy demand increased sharply in 2024, rising by 2.2% and nearly doubling its average annual growth rate of the previous decade, according to the latest Global Energy Review released by the International Energy Agency (IEA). The report attributes the...
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Emerging economies to drive 85% of global electricity demand growth

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Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new report from the International Energy Agency (IEA) released today. The surge in power consumption is...
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AI governance takes center stage as 61 nations sign Paris agreement

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Representatives from 61 countries gathered in Paris for the Artificial Intelligence (AI) Action Summit, reaching a consensus on principles for ethical and inclusive AI development. The summit, held on Tuesday, concluded with a joint declaration advocating for AI that is...