OPEC Secretary General: 'End of Oil Not in Sight' on Nostr: IEA Warns of 'Staggering' Excess of Oil by 2030, Posing Challenges for Producers ...
IEA Warns of 'Staggering' Excess of Oil by 2030, Posing Challenges for Producers
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#4b17a52e ver:0.17
The International Energy Agency warns of a 'staggering' excess of oil by 2030, surpassing demand and posing challenges for producers. Oil prices hit a two-month low due to weak demand from China and rising US crude stocks. China's focus on renewable energy and electric vehicles contributes to declining oil consumption. OPEC predicts rising oil demand, while Greenpeace calls on China to reduce oil production and transition to clean energy. OPEC emphasizes the need to cut emissions rather than reduce oil use. The organization expects emerging markets to drive global oil demand. The IEA's forecast is criticized by OPEC, highlighting the ongoing transition to alternative energy sources. #OilMarket #ChinaDemand #RenewableEnergy #OPEC #EnergyTransition...
#newstr #Oil #Energy #Demand #Supply #Iea #Opec #FossilFuels #AlternativeEnergy
https://here.news/story/4b17a52e?ver=0.17
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#4b17a52e ver:0.17
The International Energy Agency warns of a 'staggering' excess of oil by 2030, surpassing demand and posing challenges for producers. Oil prices hit a two-month low due to weak demand from China and rising US crude stocks. China's focus on renewable energy and electric vehicles contributes to declining oil consumption. OPEC predicts rising oil demand, while Greenpeace calls on China to reduce oil production and transition to clean energy. OPEC emphasizes the need to cut emissions rather than reduce oil use. The organization expects emerging markets to drive global oil demand. The IEA's forecast is criticized by OPEC, highlighting the ongoing transition to alternative energy sources. #OilMarket #ChinaDemand #RenewableEnergy #OPEC #EnergyTransition...
#newstr #Oil #Energy #Demand #Supply #Iea #Opec #FossilFuels #AlternativeEnergy
https://here.news/story/4b17a52e?ver=0.17