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

Study: Smart heat pump trial sees homes slash electricity use by a third

Study: Smart heat pump trial sees homes slash electricity use by a third

EXCLUSIVE: OVO and Nesta trial of 58 London homes fitted with smart, automated heat pumps achieves significant reduction in electricity use and energy bills

Michael Holder
clock 24 October 2025 • 3 min read
How the government can maximise benefits for UK communities through the Local Power Plan

How the government can maximise benefits for UK communities through the Local Power Plan

Partner Insight: Ahead of the publication of the Local Power Plan, Stew Horne - group head of sector intelligence & external affairs at the Energy Saving Trust - sets out how the government can ensure communities across the UK reap the benefits of clean...

Stew Horne, Energy Saving Trust
clock 23 October 2025 • 6 min read
Fatih Birol: Age of electricity is here, but dark geopolitical shadow looms over energy sector

Fatih Birol: Age of electricity is here, but dark geopolitical shadow looms over energy sector

IEA executive director reflects on the emergence of electricity as the world's 'dominant energy source', even as the consensus on climate action comes under fire

Stuart Stone
clock 23 October 2025 • 4 min read