IEA warns oil will hit $200 a barrel by 2030

clock • 2 min read

International Energy Agency claims "current global trends in energy supply and consumption are patently unsustainable"

The International Energy Agency (IEA) yesterday warned that oil prices will continue to climb over the next two decades and could reach $200 (£127) a barrel by 2030. Releasing its latest forecast,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

How Europe's reliance on gas could increase electricity bills by up to €120 a year

How Europe's reliance on gas could increase electricity bills by up to €120 a year

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims

Stuart Stone
clock 09 June 2026 • 5 min read
'For many businesses, energy is no longer a controllable overhead', government warned

'For many businesses, energy is no longer a controllable overhead', government warned

EXCLUSIVE: Reducing reliance on external energy markets must be treated as a core business priority, open letter argues

Stuart Stone
clock 09 June 2026 • 4 min read
Study: Share of fossil gas generation in global power mix falls for fifth year running

Study: Share of fossil gas generation in global power mix falls for fifth year running

Power generation from renewables continues to surge worldwide, as fossil gas power loses ground in the global electricity mix

Michael Holder
clock 09 June 2026 • 4 min read