Italian Oil Major Eni Eyes Over €4 Billion in Upstream Asset Sale Plan

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Major oil surplus seen this decade as demand peaks, IEA saysGlobal oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the International Energy Agency said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil demand set to peak by 2029, major supply glut looms, agency saysGlobal oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add to supply, the International Energy Agency (IEA) said on Wednesday, resulting in a major surplus this decade.
Source: CTVNews - 🏆 1. / 99 Read more »

Major Oil Surplus Seen This Decade as Demand Hits Peak, IEA SaysGlobal oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the International Energy Agency said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »