One scenario in new global outlook shows oil demand rising past 2050:
International Energy Agency report carries implications for how investors approach Canada’s ...
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IEA Forecast Indicates Oil Demand Growth Through 2050The IEA report highlights rising oil demand under current policies, posing investment and climate challenges through the mid-21st century.
Key FactsNov 13, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: calgaryherald.com
Summary created with AI assistance · Source: calgaryherald.com
- The International Energy Agency included a current policy scenario showing oil demand continuing to rise until 2050 in its latest outlook.
- Critics argue this scenario relies on outdated assumptions about technology progress and policy implementation, underestimating renewable energy growth.
- This scenario may encourage increased investment in oil and gas but raises concerns from a climate perspective.
- Energy demand is expected to fall between the report’s extremes, with stronger climate action likely to reduce fossil fuel use over time.
There’s nobody in the C suites in Calgary or in Toronto or what have you that believes the world can meet net zero while increasing oil consumption.— Andrew Leach, an energy economist at the University of Alberta, commented on the implications of the IEA report on the oil and gas industry.
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