Axios | Is An Oil Supply Crunch Inevitable? OilPrice.com Global oil demand will peak by 2040, according to a new report, although oil supply shortages could emerge before then. The International Energy Agency (IEA) published its highly-anticipated World Energy Outlook 2018 on Tuesday, one of the most ... The IEA's case against peak oil demand - Axios US shale needs to add another 'Russia's worth of crude' to prevent global oil shortage, IEA warns US Expected to Produce Half of Global Oil and Gas Growth by 2025 |