IEA and Rapidan say oil demand may not peak by 2030, with growth possible to 2050 and a refining bottleneck ahead to spur ...

The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. Turning to the United States ...

This analysis is by Bloomberg Intelligence Senior Analysts Salih Yilmaz and Will Hares. It appeared first on the Bloomberg Terminal. Brent oil is expected to be above $80 a barrel — the price OPEC+ ...

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 ...

Global demand for oil and natural gas could grow until 2050, the International Energy Agency said Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following US ...

Global demand for oil just keeps growing. It’s only fallen once in the past dozen years — in 2020, at the start of the COVID-19 pandemic. After that, it roared back. But as the world continues to ...

Global oil demand will peak before the end of the decade, according to a new report from the International Energy Agency. That moves the date of the projected peak from 2030 back to 2029. The oil ...

Global oil supply will rise 8 million barrels per day above projected demand, the IEA said. Meanwhile, global demand will plateau and peak before 2030. The massive supply buffer will likely cut into ...

The global peak in oil production was reached in November 2018 at 84.6 mb/d. As of September 2024, global oil production has decreased by nearly 4 mb/d to 80.8 mb/d. The total liquids supply is flat, ...

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 ...

The key international agency forecasting energy demand now says the current path will have consumption of oil and gas growing through 2050, as electric-vehicle adoption misses earlier estimates.

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward. “Drill, baby, drill” has hit peak oil. Oil and gas leaders have been saying for a ...