IEA: Peak Oil Demand Is Still Years Away

The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would return to the pre-crisis levels and rise above that.   “In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back to where it was, and beyond,” Fatih Birol, Executive Director of the IEA, told Bloomberg. Birol’s assessment of oil demand trends for after the COVID-19…