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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and agencies

Peak in global oil demand ‘in sight before end of decade’

Pump jacks operate at sunset in an oilfield in Texas
The International Energy Agency expects economic headwinds to reduce oil growth to 860,000 bpd next year. Photograph: Nick Oxford/Reuters

The worldwide peak in demand for oil is “in sight” and could come before the end of this decade, the global energy watchdog has said.

The International Energy Agency said the bounceback in oil demand that followed the easing of Covid restrictions was likely to end this year and growth would slow from next year.

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