Tag: iea

IEA forecasts ongoing supply shortfall in oil markets as a result of OPEC+ agreements
2 min read
Business

IEA forecasts ongoing supply shortfall in oil markets as a result of OPEC+ agreements

The International Energy Agency (IEA) has reported that oil markets are set to face a supply deficit for the duration of this year due to ongoing production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+.

Global Energy Transformation Facing Setbacks, Says IEA
2 min read
Business

Global Energy Transformation Facing Setbacks, Says IEA

The International Energy Agency (IEA) has recently expressed concerns over the uneven distribution of energy transition efforts across the globe. While some countries are making significant strides in shifting towards cleaner and more sustainable energy sources, others are lagging behind.