IEA Predicts Continued Oil Demand Growth Despite Renewable Supply Boom
TL;DR Summary
The International Energy Agency now projects that global oil consumption could continue to grow until 2050, driven by slower electric vehicle adoption and increased natural gas use, challenging previous expectations of peak demand and raising concerns about climate change impacts.
- IEA Now Says Oil Consumption Could Keep Growing to 2050 Bloomberg.com
- World Energy Outlook 2025 – Analysis IEA – International Energy Agency
- Oil and gas demand to rise for 25 years without global change of course, says IEA Financial Times
- Supply boom in cheaper renewables will seal end of fossil fuel era, says IEA The Guardian
- There’s a New Forecast for Peak Oil Demand. It’s Increasingly Cloudy. The New York Times
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