Global oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add to supply, the International Energy Agency (IEA) said on Wednesday, resulting in a major surplus this decade.
Read Also
- Winnipeg cops to discuss 3 incidents at Thursday press conference
- Parents, grandparents of missing 8-month-old arrested as search continues
- Collision in Peterborough leads to impaired arrest for novice driver: police
- White House isn't ruling out a potential commutation for Hunter Biden after his conviction
- Man detained while climbing Buenos Aires skyscraper in Lionel Messi shirt
- Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
- Wrong-way 401 crash: 2 officers involved not speaking, police watchdog says
- Chiquita Ordered to Pay $38 Million for Funding Colombian Death Squads
- Wreckage of last ship belonging to famed Irish explorer found off coast of Canada
- Russian missile strike kills 8 in Zelensky's hometown - officials
Latest CTV News
- White House isn't ruling out a potential commutation for Hunter Biden after his conviction
- 'Our support will last long into the future': Biden to sign new Ukraine security deal during G7 summit
- Death of Canadian in India confirmed by Global Affairs
- U.K. nurse Lucy Letby goes on trial for attempting to murder baby
- Oil demand set to peak by 2029, major supply glut looms, agency says
- 2 Russian warships approach Cuba ahead of military exercises in the Caribbean
- Fleet of Russian warships reaches Cuba for military exercises in the Caribbean
- Bus passengers frantically texted loved ones as gunman hijacked an Atlanta commuter bus during rush hour
- Republicans hope to hold Attorney General Garland in contempt of Congress. Here's what that means
- Their family was ripped apart at the Kabul airport. Nearly 3 years later their greatest wish has come true