IEA expects ‘unprecedented’ surplus of oil by 2030
June 13, 2024
The International Energy Agency (IEA) expects an ‘unprecedented’ oil surplus of 8 million barrels daily by 2030. According to the Agency’s latest report, oil demand worldwide will slow down, driven by the energy transition. Several aspects, including the increasing number of electric cars, better fuel efficiency in cars with combustion engines, and decreasing use of […]