Fortune | Oil Demand Won't Peak Before 2040 Fortune The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force. The Paris accord to cut ... World could face oil shortage by end of decade, says IEA Oil demand will grow for decades, says IEA Oil industry faces boom-and-bust, warns IEA energy group |