Global Fossil Fuel Demand Set To Hit Record High In 2024

Global energy and fossil fuel consumption is set to defy wars and high prices and hit a record high level in 2024, led by strong Asian demand, the Economist Intelligence Unit said in a new report on Wednesday. Next year, global energy consumption is expected to increase by 1.8%, according to the EIU report.   “Despite still-high prices and unsolved supply chain disruptions, demand for fossil fuels will reach record levels, but demand for renewable energy will rise by 11%,” the authors of the report wrote. Oil demand alone is expected…