Global Fossil Fuel Demand to Hit New High in 2024 Despite Prices and Supply Issues

Global energy and fossil fuel consumption expected to hit record high in 2024 despite high prices and supply issues.

Oil demand forecast to rise 1.7% in 2024, natural gas demand up 2.2%.

Renewable energy demand also rising, expected to be up 11% in 2024.

Asia driving increased demand for fossil fuels like oil and natural gas.

Coal demand globally expected to remain at record levels in 2024 according to IEA.