Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency said on Tuesday.
Despite seeing an earlier demand peak for China, the IEA, which advises industrialised countries, stuck to its prediction that global demand will peak by 2029. This view sharply contrasts with that of producer group OPEC, which says consumption will keep growing for much longer.
Full story World oil demand to keep growing this decade despite 2027 China peak, IEA says | Reuters
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