Oil: IEA sees global demand approaching a 105.5 million-barrel-per-day plateau by 2030
Oil 2025 describes a market in transition: slowing demand, rising EV adoption and production capacity potentially outpacing demand by the end of the decade.
BreakingEnergy — Energy, renewables and the transition
Energy, renewables and the transition
Latest stories
EVs and energy demand: they used 180 TWh in 2024 while already displacing more than 1.3 million barrels of oil per day
IEA’s Global EV Outlook 2025 shows a double transition: more electricity demand, less oil consumption and higher efficiency in road transport.
Renewables reached 47% of the EU electricity mix in 2024, led by solar and hydro
The European Commission reported a record 2024: renewables at 47% of the EU power mix, fossil generation down 10% and the wholesale benchmark averaging €74/MWh.
Renewables: IEA sees 5,500 GW of new capacity by 2030, led by solar
IEA’s Renewables 2024 report projects 5,500 GW of new renewable capacity by 2030, with solar and wind accounting for 95% of growth.
Batteries are becoming energy infrastructure: IEA sees 1,200 GW by 2030 in its net-zero scenario
Battery storage was the fastest-growing commercially available energy technology in the power sector in 2023. IEA sees radical scaling by 2030.