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TotalEnergies Now Sees Oil Demand Peaking Between 2035 and 2040

Source: OilPrice.com · Nov 02, 2026 17:30 UTC

The Quick Take

A year after forecasting that oil demand would keep rising until 2040, TotalEnergies has moved its peak forward to between 2035 and 2040, and says the Iran war could accelerate the energy transition. The company’s annual energy outlook, released on Monday, projects demand for petroleum products plateauing through the 2030s before a slow decline. Chief sustainability officer Aurélien Hamelle told r

Read the full story at OilPrice.com →

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