IEA says global demand for oil to ebb only after 2040
While consumption will slow down, global use is not expected to peak for decades
13 November 2019 - 16:42
London — Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency (IEA) said on Wednesday.
The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that demand growth would continue to increase even though there would be a marked slowdown in the 2030s...
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