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The director general of International Renewable Energy Agency said that global oil demand may have peaked in 2019, with natural gas following suit around 2025. IRENA’s prediction echoes BP’s projection last year that the pandemic may mark a permanent departure from the demand level of about 100 million barrels per day.

International Renewable Energy Agency claims oil demand may have peaked in 2019

The director general of International Renewable Energy Agency said that global oil demand may have peaked in 2019, with natural gas following suit around 2025. IRENA’s prediction echoes BP’s projection last year that the pandemic may mark a permanent departure from the demand level of about 100 million barrels per day.

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