IEA Revises Outlook: Oil Demand Expected to Increase Until 2050, Challenging Peak Oil Theory.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
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Source: MarketWatch
Oil and Gas Demand Forecast: The International Energy Agency predicts that oil demand will increase to 113 million barrels per day by 2050, with natural gas demand rising to 5.6 billion cubic meters, primarily driven by Asian economies.
Electric Vehicle Adoption Stalls: The agency notes that the growth in electric vehicle adoption is lagging behind earlier projections, particularly outside of China and Europe, impacting overall energy consumption trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
