IEA: Demand for oil on track to reach all-time high in 2023

Cecilia Keating
clock • 2 min read
Global oil demand is predicted to reach an everage of 102.2 million barrel in 2023 | Credit: iStock
Image:

Global oil demand is predicted to reach an everage of 102.2 million barrel in 2023 | Credit: iStock

Energy transition it is slowing down growth of oil demand, but it is yet to reduce overall levels of consumption of the fossil fuel, IEA warns

Demand for oil is likely to hit new heights this year, after consumption of the fossil fuel reached a record high in June, according to the International Energy Agency (IEA). The IEA's latest oil market...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Reports: GB Energy tipped to be headquartered in Aberdeen

Reports: GB Energy tipped to be headquartered in Aberdeen

But government declines to confirm reports publicly funded energy company is set to be based in Scottish oil and gas hub

Cecilia Keating
clock 04 September 2024 • 2 min read
BMW Group pilots 'motionless' wind energy technology at Mini plant

BMW Group pilots 'motionless' wind energy technology at Mini plant

Auto giant partners with US clean technology start-up Aeromine Technologies to test suitability of bladeless wind generation technology on its global estate

Cecilia Keating
clock 04 September 2024 • 2 min read
'Obscene': Energy firms have posted £457bn in profits since start of energy crisis, study shows

'Obscene': Energy firms have posted £457bn in profits since start of energy crisis, study shows

Insulation and investment in renewables needed to end 'vicious cycle of bill shocks', End Fuel Poverty Coalition warns

Cecilia Keating
clock 03 September 2024 • 3 min read