Hours on November 14 2018
– Last updated in
November 13, 2018 / 21:13
The International Energy Agency (IEA) said that electricity cars and more fuel-efficient technologies would reduce demand for oil by 2040 more than was expected previously, but the world could face a supply crisis still Adequate investment in new production.
The Paris-based agency in its global energy projection for the current year said that oil demand is expected to reach its peak before 2040, stating that that demand grow about 1 million everyday jackets per year until 2025 and then stabilize at a more stable speed of 250,000 barrels per day Up to 2040, to concentrate on 106.3 million barrels per day.
"According to the new policies, demand in 2040 has been revised up by more than 1 million barrels a day compared to last year's forecasts, mainly due to faster growth in the close season and changes in the US fuel efficiency policies, "said the agency. The IEA believes that around 300 million electric cars will run on the roads by 2040, unchanged from a year ago. But at present it is expected to reduce the demand of 3.3 million per day, of 2.5 million casualties per day in the Agency's previous estimates.
The demand for oil for transport is expected to reach 44.9 million per day by 2040, up from 41.2 million pd in 2017, while industrial and petrochemical demand is expected to reach 23.3 million pd by 2040 by 17.8 million bpd in 2017. .
The growth in demand for oil in the world comes from developing economies, led by China and India, while the demand in advanced economies is expected to drop more than 400,000 barrels a day on average. year until 2040, the agency said.