CNN - International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years.
Energy prices soared in the wake of Russia's full-scale invasion of
Ukraine in February 2022, which followed a rise in global demand as
economies reopened after Covid lockdowns put lives on hold. According to
the IEA, oil and natural gas supplies will increase in the second half
of this decade as long as the conflict in the Middle East and Russia's
war in Ukraine don’t derail current trends. In a wide-ranging report,
the agency also said that investing in clean energy
isn't just necessary to prevent a climate catastrophe — it also makes
financial sense because it will "remove inefficient fossil fuel
subsidies."
October 16, 2024
Energy
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