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The international energy agency had previously estimated a peak in global fossil fuel demand by 2030 and said there should be an end to new investments in coal, oil and gas projects to reach net. A new report from the international energy agency says renewable energy is surging ahead, but natural gas demand could peak five years later than it forecasted last year. In its world energy outlook for 2025, the international energy agency reverses prior predictions of peak oil demand by 2030.
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The international energy agency once projected that oil and gas demand could level off by 2030 Iea backpedals on 2030 peak oil by benjamin storrow | 11/13/2025 07:01 am est the international energy agency pointed to president donald trump’s fossil fuel policies as one reason for an. Now it’s backing off, sort of.
The international energy agency predicts global demand for oil and gas will rise well beyond 2030, marking a sharp departure from the agency’s previous forecasts that demand for oil would peak.
The international energy agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in which global consumption keeps growing to the middle of the century.
