12 November 2025: 08:30 GMT
The IEA flip-flopped and now sees oil demand growth as far as the eyes see! Are you surprised? 🤣 Ooh, before you go cynic on us note the US pays 14% of their budget. Making friends with the organ grinder will likely help you when it comes to getting your peanuts… Though the IEA did deny any influence or pressure on the process. Long the doomsters of demand, they’ve revised their view and now don’t expect ‘peak oil’ and forecast consumption to rise 13% by 2050! Once upon a time, there was a ‘Biden’ scenario and now the ‘Trump’ scenario is back. After all, the unveiled 2025 Outlook was 500+ pages to say demand will keep growing – or you could have just read The Officials!
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