Global Analysis from the European Perspective. Preparing for the world of tomorrow

The IEA warns global energy investment will fall by $400 billion in 2020, the biggest drop in the sector’s history

  1. The International Energy Agency said on Wednesday that global energy investment will fall by almost $400 billion in 2020 compared to last year due to the coronavirus pandemic.
  2. Before the pandemic, the global energy investment was on track for 2% growth, but now it fall by 20%.
  3. IEA is also forecasting that oil demand could drop by 9 million barrels per day by 2025  .Source Business insider

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