A new report says worldwide oil demand will peak in 2029. Some oil industry observers are skeptical.
Payne Institute Director Morgan Bazilian is featured on this podcast discussing recent IEA and OPEC analysis on global oil markets and trends. A new report from the International Energy Agency indicates that global oil demand will peak before the end of the decade. However, OPEC, by contrast, predicts the peak won’t come until 2045. So which one’s estimate is more likely to be right? June 13, 2024.