Africa > World faces “staggering” oil glut by end of decade, threatening rise in demand, warns IEA

World faces “staggering” oil glut by end of decade, threatening rise in demand, warns IEA

Published 16:43 on June 12, 2024  /  Last updated at 16:43 on June 12, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, EMEA, International, US

Peak global oil demand will be reached in 2030 amid a “unprecedented” glut of supply after investors were caught napping by the rush to adopt clean technologies, warned the International Energy Agency (IEA) on Wednesday.
Peak global oil demand will be reached in 2030 amid a “unprecedented” glut of supply after investors were caught napping by the rush to adopt clean technologies, warned the International Energy Agency (IEA) on Wednesday.


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