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

Government urged to stand firm on £3.3bn budget for community clean energy

Government urged to stand firm on £3.3bn budget for community clean energy

Energy Saving Trust calls on government to accelerate community energy development through promised Local Clean Power Plan

Michael Holder
clock 14 August 2025 • 3 min read
Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme

Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme

Joint letter backed by more than 100 signatories calls on Ed Miliband to approve recognition of biomethane as a net zero fuel within the UK ETS

Stuart Stone
clock 12 August 2025 • 5 min read
All-electric Kent new town inks deal to export clean power to the grid

All-electric Kent new town inks deal to export clean power to the grid

Trail-blazing flexible grid agreement for Otterpool Park's 8,500-home all-electric garden town is expected to save residents millions of pounds on their energy bills

Stuart Stone
clock 08 August 2025 • 5 min read