The IEA’s annual report, released in Paris, forecasts that global oil demand will reach its highest point at 105.6 million barrels per day by 2029, followed by a slight decline in 2030.

Brent crude futures were up 40 cents, or 0.58 per cent, at $69.04 a barrel as of 1027 GMT. US West Texas Intermediate crude ...

A peak in global oil demand is still on the horizon, the International Energy Agency (IEA) said on Tuesday, doubling down on its forecast that demand will plateau by the end of the decade.

Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the Paris-based IEA's annual report shows.

Oil prices rose by around 1% on Friday as investors weighed a tight prompt market against a potential large surplus this year ...

(Bloomberg) -- China’s oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency ...

China's oil consumption is set to peak by 2027, ... Last year, Sinopec forecast peak China oil demand, also at 800 million tons, around the middle of 2026-2030. Sign up here.

Shale oil production will peak at 10 MBOPD in 2027, up from about 9.69 MBOPD this year, the EIA said in its Annual Energy Outlook, before declining to around 9.33 MBOPD by 2050.