TOP STORY:Fossil-Fuel Demand Likely to Peak Before 2030 as Renewable Uptake Rises, IEA SaysGlobal demand for fossil fuels is likely to peak before the end of the decade, with mounting shocks to the global energy system caused by geopolitical uncertainty hastening the move to renewable energy, according to the International Energy Agency. By 2050, half of Middle Eastern seaborne oil flows are likely to be sent to Asia, up from 40% today, it said. --MARKET TALKS:Palm Oil Falls, Tracking Soybean Oil Weakness1009 GMT - Palm oil prices fell in Asian trading, tracking declines overnight in soybean oil prices on the Chicago Board of Trade. (yusuf.khan@wsj.com)--Oil Prices Lift With Investors Nervous Over Israel-Gaza0722 GMT - Oil prices are rising, as worries linger over the current situation in Israel and Gaza. Elsewhere, the IEA in its latest World Energy Outlook says it expects fossil-fuels demand to peak before the end of the decade, with increasing solar power helping to meet demand.

Source: Wall Street Journal October 24, 2023 12:17 UTC