IEA expects ‘unprecedented’ surplus of oil by 2030

Hilde Van Raemdonck

June 13, 2024

/iea.org

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, bette
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