The global energy crisis has moved energy security to the fore of the international
policy agenda and boosted the momentum behind the deployment of clean energy
technologies. Investment in clean energy is accelerating at a faster rate than for
fossil fuels, helping bring peak oil demand into view. Oil 2023, the IEA’s
medium-term outlook, provides a comprehensive overview of evolving oil supply
and demand dynamics through to 2028. The report examines how a stronger drive
by governments towards a low-emissions future and changes in behaviour will
impact oil market fundamentals in the coming years. Oil 2023 explores some of
the challenges and uncertainties that lie ahead, including upstream investment,
sources of new supply growth, spare capacity and shifting patterns of oil demand.
It also provides insights as to how these changing dynamics will affect refining and
trade flows.
Authors
- Published in
- France
