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In its annual World Energy Outlook report, the International Energy Agency stated that world oil demand is expected to increase by 1% before 2003, from 85 million barrels in 2008 to 105 million barrels, but this figure is lower than the figure it made last year. In 2030, the global daily needs an estimated 106 million barrels of oil.
The International Energy Agency, headquartered in Paris, said in its latest World Energy Outlook annual report that the global financial crisis and the subsequent economic downturn have had a significant impact on the energy market's prospects. The world’s total energy demand has contracted with the economy. Significantly reduced.
International Energy Agency Cuts Global Oil Demand Forecast by 2030
According to a report from the Bloomberg News Agency in Paris on November 10, the International Energy Agency (IEA) cut its long-term forecast of global oil demand as the economic crisis reduced oil consumption in developed countries and environmental policies encouraged the use of alternative energy sources.