According to the International Energy Agency's (IEA) Oil Market Report (OMR) for February, global oil demand is expected to rise by an average of 1.1 million barrels per day (mb/d) in 2025, surpassing the 870,000 barrels per day (kb/d) forecast for 2024.

The International Energy Agency (IEA) has announced that global spending on clean energy technologies and infrastructure will reach $2 trillion in 2024.