Wood Mackenzie's new report forecasts global oil demand to peak in 2032, two years later than previously expected, due to ...

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WoodMac is predicting global emissions will peak in 2028 before declining by 2% annually in its 2.6-degree base case. The consultancy had predicted peak emissions by 2027 in last year’s report.

Sinopec has launched its first battery venture with LG Chem to develop sodium-ion batteries for energy storage and electric vehicles, marking a strategic shift toward clean energy.

For decades the world has been told that “peak oil” is on the horizon, a pivotal point at which the demand and/or supply of oil will stop increasing and thereby create assorted economic crises. The ...

BP (NYSE:BP) said Thursday that oil demand will keep growing for the rest of this decade, pulling back from its previous forecast that peak demand could come as soon as this year, as it points to ...

Global oil demand will not peak until 2032, two years later than earlier thought, consultancy Wood Mackenzie said in a report ...

A year ago, BP predicted that oil demand growth could peak before 2030. In that, the company was in tune with the IEA and a host of other forecasters. This year, BP has changed its prediction. Now, ...

LONDON (Reuters) - The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources, the International Energy Agency said on ...

The United States, the world's largest oil producer, has publicly called for the International Energy Agency (IEA) to reform. - Copyright AFP Tobias SCHWARZ The ...

India's crude oil imports from the United States climbed to their highest level since 2022 in October, a move seen as part of ...