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International Energy Agency (IEA) Statistics: Monthly Oil Statistics – Including up to September 2024

The latest IEA’s Monthly Oil Statistics report including September 2024 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 0.5 % in September 2024 compared to September 2023. Refinery gross output of total products decreased by 1.6% on a year-on-year basis. Net deliveries of total products decreased 1.3% in September 2024 compared to September 2023. Oil stock levels …

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International Energy Agency (IEA) Statistics: Monthly Gas Statistics – Including up to September 2024

The latest IEA’s Monthly Gas Statistics report including September 2024 data shows that for Total OECD:                                                        Production of natural gas decreased by 1.8% compared to September 2023. Imports (entries)1 of natural gas were 2.7% higher on a year-on-year basis, and total OECD exports (exits)1 increased by 6.8% in the same period. Gross consumption of natural gas increased by 0.3% in September 2024 on a year-on year basis. …

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Fossil Fuels Initially Needed for AI Boom, Nuclear Expert Says

Tepco adviser Klein says gas likely required in the short term Japan is going to need ‘more and more electricity,’ he says The rise of artificial intelligence will drive a surge in electricity demand that’ll initially be met by fossil fuels, before nuclear replaces that source, the head of a body advising Japan’s top utility …

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