IEA: Oil markets face 'fundamental transformation' with demand set to peak in 2029

Michael Holder
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Growth in global oil supply expected to far outpace demand in coming years as EV sales rapidly eat into market, according to International Energy Agency

Global oil supply is set to grow far faster than demand in the coming years, as clean technologies such as electric vehicles continue to eat into traditional fossil fuel markets, bringing a global peak...

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