Forecasts from the Paris-based IEA — established following the 1973 oil shock — are used globally as a benchmark by governments and energy companies for planning policy and investments.
3 Min Read
In the current policy scenario, oil demand is projected to rise to 113 million barrels per day by 2050, mainly due to its increased use in emerging markets and developing economies for road transport, petrochemical feedstocks, and aviation, according to the International Energy Agency’s (IEA) World Energy Outlook report for 2025.
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