Responding to pressure from US, International Energy Agency forecast sees no end to oil demand

The International Energy Agency appears to have bowed to threats from the U.S. to pull its funding if the agency didn't realign its forecasting toward unbiased, policy-neutral projections.

In the middle of the COP30 United Nations Climate Change Conference last month, the agency released its annual "World Energy Outlook." Unlike previous iterations, the report doesn't base its forecasts of future oil demand on scenarios that assume nations' commitments to net-zero emissions by 2050 will be met.