Renewables
TotalEnergies Now Sees Oil Demand Peaking Between 2035 and 2040
CEII brief
OilPrice.com reported on 2 Nov 2026: TotalEnergies Now Sees Oil Demand Peaking Between 2035 and 2040.
Read the full story on OilPrice.comA 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.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
4.2% of electricity in Iran was renewable in 2021Countries in this story
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