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IEA expects global peak oil by end of this decade

THE International Energy Agency had raised its forecast of global oil demand for this year by 200,000 barrels per day, year-on-year, to 2.4 million bopd, it said in its latest monthly report, but its five-year outlook predicts 'peak oil' by the end of this decade.

paul hunt

IEA expects global peak oil by end of this decade

The IEA found increasing demand from China's reopening was a key factor in raising its shorter-term outlook, suggesting that analysts observations of a sluggish restart following the elimination of...

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