EMEA > Africa > Oil demand growth to surge in early 2030s, finds Shell

Oil demand growth to surge in early 2030s, finds Shell

Published 14:28 on January 15, 2026 / Last updated at 14:28 on January 15, 2026 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East)

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Fossil fuel demand is on track to peak around 2035, but the surge in global living standards will boost oil demand by another 3 to 5 million barrels per day (bpd) in the early 2030s, according to Shell.
Fossil fuel demand is on track to peak around 2035, but the surge in global living standards will boost oil demand by another 3 to 5 million barrels per day (bpd) in the early 2030s, according to Shell.


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