In its report published on 11 September, the International Energy Agency enlarged its projected demand decline by 940,000 barrels per day. This is a full-year forecast, not a completed annual result.
The report puts August global production at 100.1 million barrels per day, down 1.6 million from July. Observed oil inventories fell by 95 million barrels during August.
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
The utility’s long-term plan projects lower emissions despite rising electricity demand; its solar, battery and reverse-osmosis targets are not completed outcomes.
Emirates News Agency (WAM), citing Emirates Water and Electricity Company (EWEC)4 min read
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