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IEA and OPEC energy assumptions on fragile ground
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
Outlook 2024: The IEA 50 years on – Ensuring a secure transition to clean energy
We have the tools to transition but we must make sure we take advantage of them
Letter from China: Rebounding demand meets economic headwinds
Opec+ and the IEA have both revised up 2023 forecasts for Chinese oil demand in recent weeks
Africa's upstream to feel transition squeeze
The continent’s oil production will decline in the 2020s while gas production will increase before starting to slip, according to the IEA
IEA underestimating Russian contractual expiry – Energy Aspects
Consultancy warns volumes that will go unrenewed this year are greater than Ten Point Plan assumes
IEA coordinates crude stock release
The intergovernmental body is trying to cool the crude market
IEA calls for Canadian emissions reduction action
The country’s oil and gas sector is a culprit in disappointing delivery despite good policymaking
Southeast Asia’s pathway unclear
Rising demand and a legacy of coal-fired developments could hinder the energy transition in the region
IEA and Opec out of step on long-term perspective
The Paris-based intergovernmental organisation has its eyes firmly on a net-zero future. Opec not so much
IEA cries wolf again
The agency may be overestimating demand and lowballing Opec supply to foresee a tighter market than will materialise
IEA
Keisuke Sadamori
11 January 2024
Follow @PetroleumEcon
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Outlook 2024: The IEA 50 years on – Ensuring a secure transition to clean energy

We have the tools to transition but we must make sure we take advantage of them

History doesn’t always repeat itself, but it often rhymes. Half a century has passed since the 1973 oil crisis began, but today’s global energy landscape is echoing with familiar concerns. Energy security concerns are looming large for world leaders in a system that is still largely dominated by fossil fuels and especially oil. But unlike in the early 1970s, the world now has many other proven energy technologies at its disposal, such as renewables, electric vehicles and heat pumps, which are already driving rapid changes. Born out of the 1973 crisis, the IEA was initially dedicated to oil. By establishing emergency stocks, sharing data and coordinating policies among its member countries, t

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