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 ...

Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come ...

OPEC projects oil demand will hit 123 million bpd by 2050, calling for $18.2 trillion in new oil and gas investments. The IEA, however, believes demand will peak before 2030 and dismisses such ...

LONDON, June 17 (Reuters) - Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle ...