The Covid-19 crisis is hurting but not halting global growth in renewable power capacity, says IEA

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The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first annual decline in new additions in 20 years, according to the International Energy Agency. But their growth is expected to resume next year as […]

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Key findings of IEA’s global energy review

The Covid-19 pandemic represents the biggest shock to the global energy system Since World War II, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. Here are key findings of the report released by […]

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Global energy demand to plunge this year as a result of the biggest shock since World War II – IEA

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The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%, the International Energy Agency (IEA) said in a […]

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Record fall seen in global oil demand in 2020 as COVID-19 bites economies hard – IEA

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Global oil demand is expected to fall by a record 9.3 million barrels/day (mb/d) year-on-year in 2020, the International Energy Agency (IEA) said, as demand shrinks due to a global economic slowdown triggered by the spread of the dreaded coronavirus across the world. “The impact of containment measures in 187 countries and territories has been […]

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China prepares to oust US influence in the Middle East; closes “super attractive oil deal” in Iraq

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China is back and busy taking up where it left off in terms of exploring and developing new field opportunities. Last week, Iraq awarded a $203.5 million engineering contract for its supergiant oil field, Majnoon, to China Petroleum Engineering & Construction Corp (CPECC).  Majnoon is a key focus in Iraq because it has an insane […]

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