The world uses about 103 to 104 million barrels of oil per day, according to the IEAHaidar Mohammed Ali/AFP/Getty Images Peak oil once struck fear into policymakers, businesses and consumers as a ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. The term "peak oil" has sparked debate for decades, fueling ...

The looming specter of “peak oil” has been a topic of intense debate for years. While some experts predict a rapid decline in global oil production, others maintain that the world’s energy supply will ...

In a sharp shift in tone, the latest outlook from the world’s top energy agency signals that oil demand could keep growing through to 2050. The International Energy Agency had previously estimated a ...

U.S. oil production may have peaked, signaling the end of the shale boom. Diamondback Energy and other major players report reduced drilling and fracking activity in the Permian Basin. Rising costs, ...

The debate over when peak oil consumption will occur is a pivotal issue for crude oil markets, with significant implications for traders. • More futures traders are turning to short-dated options to ...

Typically, in an oil-producing region, extraction starts slow, builds up to a peak as more wells are drilled, and then declines as the cost of accessing what’s left inevitably rises. Drillers ...

Theories that oil supply will peak tend to miss the mark, OPEC's secretary general wrote. Such warnings have emerged since the 1880s, but fail to come true, Haitham Al Ghais said. "Throughout history, ...

The answer to that question is an emphatic no, according to Ellen R. Wald, the President of Transversal Consulting, who told Rigzone that “global energy demand continues to grow and there is no way to ...

The IEA expects peak oil consumption to be reached by 2030, while OPEC forecasts a longer timeline. The debate over peak oil consumption is a contentious issue that significantly impacts longer-term ...