SciencePhoto: Deccan HeraldGlobal Conflicts Reduce Oil Demand, Impact Climate Action
Conflicts involving the US, Iran, and Ukraine have disrupted oil production and transportation, causing a 2.5% global decline in oil demand this year, equivalent to one million barrels per day, according to the International Energy Agency. These wars affect over 40% of the world's hydrocarbons and have reduced global refining capacity by nearly 9%, temporarily lowering greenhouse gas emissions due to higher fossil fuel prices and reduced consumption.
Deccan Herald·




