Oil and gas demand to rise for 25 years without global change of course, says IEA
International energy watchdog sets out new scenario to reflect fading commitment to climate change
International energy watchdog sets out new scenario to reflect fading commitment to climate change

Report marks a shift from energy watchdog that had previously warned of a ‘staggering glut’ of crude

International Energy Agency expects production to rise by 1.8mn barrels a day in 2025

Demand drops 3.4% in March due to soaring prices, supply shortages and collapse of Middle East air travel

Rerouting of LNG tanker bound for France to Asia signals escalating competition for gas supplies due to Iran war

Plan underlines fears for the global economy from energy shock triggered by the Middle East war

Widening gap between forecasts from IEA, Opec and EIA clouds oil market outlook