Financial Times: “The IEA’s Divisive Mission to Decide the Future of Oil”

This feature includes a data visualization from RFF's 2024 Global Energy Outlook.

View on Financial Times website

Date

Aug. 6, 2024

News Type

Media Highlight

Source

Financial Times

The IEA and OPEC were once closely aligned on their energy forecasts, but now have vastly different views on the future of oil. The IEA believes the world will reach peak oil in 2029, consuming 105.6 mn barrels a day. OPEC, a cartel of oil-producing countries led by Saudi Arabia, sees no peak, with oil use rising to at lest 116 mn barrels a day in 2045.

[Click on the link above to see the Global Energy Outlook 2024 visualization that accompanies this paragraph.]

Topics

Industry and Fuels

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