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IEA Abandons Peak Oil Forecasts, Projects Rising Global Demand Until 2050
IEA Abandons Peak Oil Forecasts, Projects Rising Global Demand Until 2050
22
1
BTCCSquare news:
The International Energy Agency has revised its long-term energy outlook, signaling that global oil demand may continue growing through mid-century. This marks a significant departure from previous peak oil projections, reflecting slower-than-expected energy transition momentum.
LNG markets face particular uncertainty as export capacity prepares to surge by 50% this decade. The coming supply glut could reshape competitive dynamics, with US operators bearing disproportionate risk due to their planned capacity expansions. China's evolving energy strategy—including deepening pipeline ties with Russia—adds another LAYER of volatility to demand forecasts.
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