IEA’s new forecast projects 13% rise in oil demand growth by 2050
In a sharp policy shift, the International Energy Agency (IEA) now expects global oil demand to rise by 13% through 2050 under its Current Policies Scenario. The Paris-based agency cited slow EV adoption and stronger petrochemical, aviation, and trucking demand. The move drew political backlash in the US, where Republicans have long criticised the IEA energy forecasts.