IEA

The International Energy Agency (IEA) has revised its oil demand projections upward for 2025, attributing the increase to the economic stimulus measures in China. The Paris-based organization now expects global oil demand to expand by 1.1 million barrels per day in 2025, up from the previous estimate of 990,000 barrels…

By Forrest Crellin PARIS (Reuters) – Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning as temperatures rise, the International Energy Agency (IEA) said in a report on Friday. The trend, expected to continue into…

Investing.com — Oil prices rose Friday, as well as heightened tensions in the Middle East raised the prospect of supply disruptions from the vital oil-producing region.  By 09:25 ET (14.25 GMT), the futures traded 2.1% higher at $86.78 a barrel and the Brent contract climbed 1.7% to $91.26 a barrel. …