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 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 ...
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 ...
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No global peak oil demand in sight, OPEC says
The Organization of the Petroleum Exporting Countries said that global oil consumption will continue to swell well into the midcentury, with no peak in sight, rebutting outside forecasts that the ...
Leading energy consultancy's contrarian view on sustained oil demand growth gains mainstream acceptance as IEA and several other prominent forecasters revise projections WASHINGTON, Nov. 19, 2025 ...
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.
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 ...
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, ...
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Peak oil is coming — but nobody seems to know when
How much oil will the world need in future? It depends on when the planet reaches “peak oil”, that moment at which consumption hits a maximum and then starts to gradually tail off. The debate over ...
In its World Oil Outlook 2050 report published Thursday, the Organization of the Petroleum Exporting Countriues left its forecasts for 2025 global oil demand growth unchanged at 105 million barrels ...
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