IEA Forecasts a Shift in Crude Demand Growth with Peak Expected in 2029

Wednesday, 12 June 2024, 09:15
The International Energy Agency (IEA) has adjusted its 2024 crude demand growth forecast and anticipates a peak in 2029 according to their latest report. The revision hints at changing dynamics in the global energy landscape, emphasizing the need for industry players to adapt and strategize for the upcoming shift. With this projection, the market is likely to witness significant fluctuations impacting various stakeholders.
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IEA Forecasts a Shift in Crude Demand Growth with Peak Expected in 2029

IEA Forecasts Evolution in Crude Demand

The International Energy Agency (IEA) has made revisions to its 2024 crude demand growth forecast, indicating a shifting trajectory.

Peak Expected in 2029

The agency's latest report highlights an anticipated peak in crude demand by 2029, signifying a crucial turning point in the industry.

Key Takeaway: The dynamic forecast sets the stage for strategic planning and adaptation amidst evolving market conditions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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