IEA says more oil and gas investment may be needed | Business

PARIS, Sept 16, 2025 (BSS/AFP) - New oil and gas projects may be necessary to maintain current production levels, the IEA said Tuesday, as it is in a public feud with the Trump administration over its forecasts for lower demand. The International Energy Agency said in a report that its analysis of 15,000 oil and gas fields showed that output was declining more rapidly than in the past, which has "implications for markets and energy security". The Paris-based agency produces annual reports about energy trends and has forecasted that oil demand will peak by the end of the decade, which would have considerable implications for investment in further oil production. The forecast, along with its implications for pledges by some...