IEA: Oil Demand to Surge to 113 Million Barrels Daily by 2050

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Recorded12 Nov 2025

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IEA Revises Global Energy Outlook: Oil and Gas Demand to Grow Until 2050The International Energy Agency (IEA) has shifted its stance on global oil and gas demand, predicting continued growth for decades to come. The IEAs latest World Energy Outlook suggests that demand for these traditional energy sources could extend to 2050, a significant change from previous forecasts. This revised prediction is driven by increasing energy needs across sectors, particularly in information technology, with data centers expected to invest $580 billion this year. The IEA now anticipates oil demand to reach 113 million barrels per day by 2050, marking a departure from earlier projections of peak demand before 2030. The agency also highlights the Age of Electricity, with electricity demand growing faster than overall energy use, and solar photovoltaic power projected to be the fastest-growing form of generation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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