Tag: International Energy Agency (IEA)

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IEA trims 2023 oil demand forecast on economic headwinds

Oil demand is set to hit a record high this year but economic headwinds and interest rate hikes mean the increase will be slightly...

Oil up as market weighs supply cuts against gloomy economic outlook

Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global...

New global renewables capacity additions to rise by a third this year, IEA says

Global additions of renewable power capacity are expected to rise by a third this year, the International Energy Agency (IEA) said on Thursday, as...

Oil steadies as IEA turns more bullish on oil demand

Oil futures steadied on Tuesday as support from a higher global demand forecast from the International Energy Agency (IEA) was countered by weaker than...

Oil gains after IEA sees demand rising to record high

Oil prices edged higher on Friday after the West's energy watchdog said it expected global demand to rise to a record high this year...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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