Energy Agencies Are Conflicted About Rising Oil Demand ...Middle East

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Energy Agencies Are Conflicted About Rising Oil Demand
The International Energy Agency (IEA) announced that it expected global oil demand to peak at the end of the decade earlier this month. Meanwhile, the Organisation of the Petroleum Exporting Countries (OPEC) said oil demand could reach 110 bpd by 2045, above the peak IEA estimate. But if these major international agencies cannot get on the same page, how can there be a clear fossil fuel outlook?  Earlier in June, the IEA stated that it believed peak oil demand was “in sight” and could be achieved before 2030. Despite a rebound…

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