IEA cuts 2050 oil demand projection by 2.4 million b/d
October 24, 2023 Comments Off
The International Energy Agency on Oct. 24 lowered its 2050 oil demand projection by 2.4 million b/d to 54.8 million b/d along with a 0.5 million b/d reduction for 2030 under its central scenario in the World Energy Outlook. The annual outlook cited a faster pace of adoption of electric vehicles as the main reason for the change in its…
IEA cuts 2050 oil demand projection by 2.4 million b/d
The International Energy Agency on Oct. 24 lowered its 2050 oil demand projection by 2.4 million b/d to 54.8 million b/d along with a 0.5 million b/d reduction for 2030 under its central scenario in the World Energy Outlook. The annual outlook cited a faster pace of adoption of electric vehicles as the main reason for the change in its…
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