Global energy

March 24, 2025 5:30 PM

Renewable growth surges as global fuel demand rises

Global energy demand grew at an above-average pace in 2024 as electricity consumption increased worldwide -- with the increased supply of renewables and natural gas covering the majority of additional energy needs, a new IEA report said on Monday. The latest edition of the IEA’s Global Energy Review is the first global assessment of 2024 trends across the energy sector. Based on the most recent data, it covers energy demand, supply, the uptake of new energy technologies, and energy-related c...

March 12, 2025 10:59 AM

US Education Department to cut half its staff as Trump eyes its elimination

India’s Wholesale Price Index (WPI) inflation is expected to have fallen to 2% in February 2025, down from 2.3% in January, driven by a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India (UBI). The report noted that the primary factor behind the moderation in WPI inflation was the sharp decline in vegetable prices, a major component of food inflation. Vegetable prices are estimated to have dropped by 12% month-on-month, helping to ease infla...

October 16, 2024 9:04 PM

‘Age of electricity’ to follow looming fossil fuel peak, IEA says

The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday. But in a release accompanying its annual World Energy Outlook report, the agency also flagged a high level of uncertainty as conflicts embroil the oil and gas-producing Middle East and Russia and as countries representing half of global energy demand ha...