Global Oil Demand Is Set to Slow
The International Energy Agency said oil consumption will hit a peak in a few years, with shrinking gasoline use after 2026.
Last month, U.S. Energy Secretary Rick Perry signed an agreement with Saudi Arabian officials to research "carbon capture" technology for fossil fuels, the Department of Energy announced. Perry and Khalid Al Falih, the Saudi Minister of Energy, Industry, and Mineral Resources, signed a memorandum of understanding to "establish a framework for...