AI Driving Surge in Data Center Energy Demand IEA Warns
April 10, 2025
At the same time, AI can unlock opportunities to produce and consume electricity more efficiently, the International Energy Agency (IEA) said in its first report on the energy implications of AI. Data centers represented about 1.5 percent of global electricity consumption in 2024, but that has increased by 12 percent annually over the past five […]
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Global Oil Market Forecast IEA Warns of 8 Million bpd Surplus by 2030
June 12, 2024
Global demand is expected to “level off” at 106 million barrels per day (bpd) toward the end of this decade while overall supply capacity could reach 114 million bpd — resulting in a “staggering” surplus of eight million bpd that oil markets should prepare for, the IEA said. The forecast comes days after the OPEC+ […]
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