According to the International Energy Agency (IEA), global oil demand is projected to peak in 2029 at around 105.6 million barrels per day (bpd), before beginning a gradual decline by 2030.

Global oil supply is set to grow far faster than demand in the coming years, as clean technologies such as electric vehicles continue to eat into traditional fossil fuel markets, bringing a global ...

The IEA forecasts a slight dip in global oil demand in 2030, marking the first decline since the 2020 Covid shock, driven by slower economic growth, E ...

The IEA’s annual report, released in Paris, forecasts that global oil demand will reach its highest point at 105.6 million barrels per day by 2029, followed by a slight decline in 2030.

Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States ...

Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the Paris-based IEA's annual report shows. At the same time, global production ...

LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the ...

The IEA projects that global oil demand growth will slow to a “trickle” the next few years, with consumption at a maximum of 105.5 million barrels a day in 2029 - roughly in line with last ...

China’s oil demand, which increased by a cumulative 6 million barrels per day (bpd) in the decade to 2024, is set to peak earlier than previously expected, the agency said in its annual Oil 2025 ...

Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the Paris-based IEA’s annual report shows.

(Bloomberg) -- China’s oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency ...