Energy

IEA Predicts World Oil and Gas Demand Will Grow Till 2050

During the Biden administration, the IEA predicted that global oil demand would peak this decade.
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IEA Predicts World Oil and Gas Demand Will Grow Till 2050
An oil platform off the coast of Huntington Beach, Calif., on Jan. 29, 2023. John Fredricks/The Epoch Times
Naveen Athrappully
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Global oil and gas demand is set to grow till 2050, the International Energy Agency (IEA) said in its World Energy Outlook 2025 report released on Nov. 12.

Under the Current Policies Scenario, which takes into account existing energy-related policies and regulations, demand for oil is expected to jump to 113 million barrels per day by mid-century, the report said.

Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.