IEA: Oil demand growth set to slow to a halt by 2030

Michael Holder
clock • 5 min read
An oil refinery in the US | Credit: iStock
Image:

An oil refinery in the US | Credit: iStock

Demand for clean technologies and progress on energy efficiency expected to offset growing demand for oil across Asia, International Energy Agency predicts

Growth in demand for oil is set to slow in the coming years, as the roll out of clean technologies and energy efficiency efforts increasingly offsets rising demand for the fossil fuel from Asian markets...

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

 OVO and Havenwise team up to launch 'greener' heat pump trial

OVO and Havenwise team up to launch 'greener' heat pump trial

Trial aims to test how to optimise heat pumps to run on renewable power

clock 17 October 2025 • 2 min read
Lloyds launches free heat pump offer for new mortgage customers

Lloyds launches free heat pump offer for new mortgage customers

Bank teams up with Octopus Energy on new offer for eligible mortgage customers to have a air source heat pump fitted free of charge

Michael Holder
clock 15 October 2025 • 4 min read
'We must step up': World leaders urged to 'move faster' to triple renewable power capacity by 2030

'We must step up': World leaders urged to 'move faster' to triple renewable power capacity by 2030

Report estimates hitting 2030 target will require investment of $1.4tr worldwide a year to add 1,122GW annually - a 16.6 per cent annual growth rate

clock 14 October 2025 • 6 min read