Story perspectives

IEA Projects Rising Oil Demand Through 2050

11/16/2025

28 3

Summary

Story summary

The International Energy Agency's World Energy Outlook projects oil demand rising to 2050, not peaking this decade.
The IEA's Current Policies Scenario shows demand 13% higher by 2050 than last year.
IEA's Stated Policies Scenario predicts 2030 peak.
Organization of the Petroleum Exporting Countries (OPEC) forecasts a 20,000 barrels-per-day surplus in 2026, reversing prior deficit predictions due to higher production by OPEC and other countries including United States and Brazil.

1 of 1

Story summary

The International Energy Agency's World Energy Outlook projects oil demand rising to 2050, not peaking this decade.
The IEA's Current Policies Scenario shows demand 13% higher by 2050 than last year.
IEA's Stated Policies Scenario predicts 2030 peak.
Organization of the Petroleum Exporting Countries (OPEC) forecasts a 20,000 barrels-per-day surplus in 2026, reversing prior deficit predictions due to higher production by OPEC and other countries including United States and Brazil.