Economic analysts said global oil demand would reach its highest point by 2033, followed by years of declining production and revenue in New Mexico.

IEA: Global oil demand set to peak in 2028 The International Energy Agency (IEA) has stated that the peak for global oil demand is “in sight”, largely due to the growing popularity of electric ...

The nation’s coal-fired power capacity is set to decline significantly in the coming years, according to the U.S. Energy ...

The International Energy Agency predicted Wednesday that demand for oil will fall to 400,000 barrels a day in 2028—a drastic fall from 2.4 million barrels a day currently.

The term "peak oil" used to mean the point when global production would top out, before entirely running out. But as the world begins a shift to renewables, will the end of oil production come ...

What is 'peak oil' and when will we reach it? Amanda Coulson-Drasner 11/22/2024 The term "peak oil" used to mean the point when global production would top out, before entirely running out.

Demand for oil from combustible fossil fuels, which excludes biofuels, petrochemical feedstocks, and other non-energy uses, is set to peak at 81.6 million bpd in 2028, the report said, adding that ...

The International Energy Agency, which advises governments worldwide on energy markets, predicted total oil demand in 2028 would only reach 105.7 million barrels per day, 7.8 million barrels less ...

Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion of Ukraine speed up the transition away from fossil fuels, the International Energy Agency said.

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”. Climate change: seven good-news stories for the planet ...

While total oil demand will continue to grow through 2028, the pace of growth will progressively slow towards the end of the forecast period, after which peak demand is expected to be reached.