No peak demand on horizon: IEA

INTERNATIONAL Energy Agency chief Fatih Birol has contradicted supermajor BP’s belief that peak oil demand is within sight, but warned industry to get cracking on new projects or face more volatility.

No peak demand on horizon: IEA No peak demand on horizon: IEA No peak demand on horizon: IEA No peak demand on horizon: IEA No peak demand on horizon: IEA

Fatih Birol.

 
Birol told GE Oil and Gas' annual meeting in Florence, Italy yesterday that rising consumption in developing economies would ensure the world will not have a line of sight on peak oil demand