End of the Oil Age Beckons for Top Forecaster
The International Energy Agency paints a bleak picture for crude producers as demand nears a plateau and the ‘Age of Electricity’ dawns.
Transmission towers at sunrise near Stevenage, UK. The International Energy Agency foresees the “Age of Electricity” replacing the “Age of Oil.”
Photographer: Chris Ratcliffe/BloombergWelcome to our guide to the energy and commodities markets powering the global economy. Today, reporter Grant Smith examines the IEA’s new forecast for oil demand. Meanwhile, our data analysis shows the UK is lagging behind on flood defense. To get this newsletter sent to your inbox, sign up here.
For one leading energy forecaster, the end of the Oil Age has drawn another step closer.