IEA cites India's energy demand growth and contrasts it with the decline in refining capacity in the US and Europe.
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Updated Aug 7
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What happened
IEA cites India's energy demand growth and contrasts it with the decline in refining capacity in the US and Europe.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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International Energy Agency
autonomous intergovernmental organisation
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Europe
terrestrial continent located in north-western Eurasia
Related events
- India is facing the consequences of its heavy reliance on imported goods, as rising energy prices are now directly impacting private consumption.
- IEA forecasts a 7% fall in US coal demand, while El Niño is causing hydropower output reductions in India.
- Indian agrochemical exporters are seeking markets in Europe, North America, and Latin America while contending with the added uncertainties caused by the ongoing crisis in West Asia and the wider Middle East.
- IEA reports on oil demand decline in the Middle East region.
- Differing views on foreign policy and sanctions between India and Europe, alongside US actions affecting global energy markets.