Article 54NM7 Global oil demand could hit record growth rate next year, IEA warns

Global oil demand could hit record growth rate next year, IEA warns

by
Jillian Ambrose
from on (#54NM7)

With no plans to raise clean energy investment, demand will soon reach pre-crisis level

The world's oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels within years, unless new green policies are adopted, according to the International Energy Agency (IEA).

The global energy watchdog has forecast that the world's daily oil demand may climb by 5.7m barrels next year, the fastest annual climb on record, to an average of 97m barrels of oil a day in 2021.

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