An oil platform off the coast of Huntington Beach, Calif., on Jan. 29, 2023. John Fredricks/The Epoch Times
Global oil and gas demand is set to grow until 2050, the International Energy Agency (IEA) stated in its World Energy Outlook 2025 report, released on Nov. 12.
Under the Current Policies Scenario, which takes into account existing energy-related policies and regulations, demand for oil is expected to jump to 113 million barrels per day by mid-century, according to the report.
