A fossil fuel demand peak is fast approaching, but will it come soon enough?

Michael Holder
clock • 6 min read

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals

The impact of the coronavirus crisis on the fossil fuel industry is set to bring forward the expected peak in global demand for oil and gas, according to fresh projections from McKinsey & Company, which...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

BusinessGreen Spotlight Webinar: How energy and climate transition plans can give your organisation an edge - On demand

BusinessGreen Spotlight Webinar: How energy and climate transition plans can give your organisation an edge - On demand

WATCH NOW: Experts from Equans, Allianz UK, and Repattern discuss how businesses can harness transition plans to deliver real value and ensure efforts to hit net zero targets accelerate

BusinessGreen staff
clock 15 July 2026 • 1 min read
Iran War triggers first fall in global oil demand since 2020

Iran War triggers first fall in global oil demand since 2020

International Energy Agency forecasts global oil demand set to fall by one million barrels a day this year, but warns petrol and diesel market could still face a supply crunch in the coming months

James Murray
clock 13 July 2026 • 3 min read
'A real opportunity': Local football clubs tipped to become clean energy hubs

'A real opportunity': Local football clubs tipped to become clean energy hubs

Project backs small clubs to house battery storage, solar panels, heat pumps, and electric vehicle chargers, enabling them to supply clean energy and flexibility services to local grids

Stuart Stone
clock 10 July 2026 • 3 min read