IEA Prepares to Walk Back Predictions of Peak Oil and Gas Demand ...Middle East

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IEA Prepares to Walk Back Predictions of Peak Oil and Gas Demand
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The International Energy Agency, which has repeatedly predicted that global oil demand growth will peak before 2030, has drafted a report admitting that both oil and gas demand are set to continue growing for decades. Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World Energy Outlook. The agency uses a set of scenarios for the future, including some major assumptions, such as that all currently discussed climate-related policies would come into effect in full. Until 2020, the IEA included…

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