IEA presents two outlooks for oil

THE International Energy Agency’s World Energy Outlook 2019 suggests oil demand could halve by 2040 but only under a sustainable development scenario and should business as usual continue instead demand will slow after 2025 but not seriously drop. 

IEA presents two outlooks for oil IEA presents two outlooks for oil IEA presents two outlooks for oil IEA presents two outlooks for oil IEA presents two outlooks for oil

Oil demand could be 67MMbopd by 2040 under ‘sustainable’ policy outlook, driven by EVs 

 
 
Its stated policies scenario suggests oil rise fast to 2025 "but growth slows to a crawl thereafter" and by 2040 demand will be 106 million barrels of oil per day.