{"id":6273,"date":"2025-11-12T05:17:00","date_gmt":"2025-11-12T01:17:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/oil-gas-demand-growth-to-2050\/"},"modified":"2025-11-12T15:26:39","modified_gmt":"2025-11-12T11:26:39","slug":"oil-gas-demand-growth-to-2050","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/oil-gas-demand-growth-to-2050\/","title":{"rendered":"Projected Oil &#038; Gas Demand Growth Until 2050: Key Insights for Investors and Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>LONDON<\/strong> &#8211; The International Energy Agency (IEA) announced on Wednesday that global oil and gas demand may continue to grow until 2050, marking a shift from its earlier predictions of a rapid transition to cleaner energy sources and indicating that climate goals are likely to be unmet.<\/p>\n<p>The IEA, recognized as the energy security watchdog for Western nations, has faced increasing pressure from the United States to adopt clean energy initiatives. This shift began during President Donald Trump&#8217;s administration, which encouraged American companies to boost oil and gas production.<\/p>\n<p>Under President Joe Biden&#8217;s leadership, the IEA had previously forecasted that global oil demand would peak within this decade and asserted that no further investments in oil and gas would be necessary to achieve climate objectives. Chris Wright, Trump&#8217;s Energy Secretary, criticized the IEA\u2019s peak demand projections as &quot;nonsensical.&quot; The IEA is funded by member countries, with the U.S. as its largest contributor, and its analyses are fundamental to global energy policies.<\/p>\n<p>In the annual <strong>World Energy Outlook<\/strong> published on Wednesday, the IEA projected that under current policies, oil demand could reach <strong>113 million barrels per day<\/strong> by mid-century, a rise of approximately <strong>13%<\/strong> compared to consumption levels in 2024. Additionally, it forecasted a <strong>15% increase<\/strong> in global energy demand by 2035, equating to an additional <strong>90 exajoules<\/strong>.<\/p>\n<p>The current policies scenario reflects existing governmental policies rather than aspirational climate targets. The IEA had last operated under this scenario in 2019 and pivoted in 2020 towards predictions aligned with a clean energy transition and net-zero emissions commitments.<\/p>\n<p>This year, the outlook has eliminated the previously considered pledges scenario. The IEA intended to evaluate new country climate targets for 2031-2035; however, insufficient submissions rendered this analysis unfeasible.<\/p>\n<p>In the IEA&#8217;s stated policies scenario, which includes proposed but not necessarily enacted policies, oil demand is expected to peak around <strong>2030<\/strong>. The agency clarified that its scenarios represent a variety of possible outcomes based on different assumptions, rather than definitive forecasts.<\/p>\n<p>The report highlighted a significant rise in investment decisions for new liquefied natural gas (LNG) projects, with operations set to commence for about <strong>300 billion cubic meters<\/strong> of new annual LNG export capacity by 2030, reflecting a <strong>50%<\/strong> increase in supply.<\/p>\n<p>Under the current policies scenario, the global LNG market is anticipated to grow from approximately <strong>560 bcm<\/strong> in 2024 to <strong>880 bcm<\/strong> in 2035, and <strong>1,020 bcm<\/strong> by 2050, driven primarily by demand from the power sector, including the data center and AI industries.<\/p>\n<p>Investment in data centers is expected to reach <strong>$580 billion<\/strong> in 2025, surpassing the <strong>$540 billion<\/strong> spent annually on global oil supply.<\/p>\n<p>The report also outlines a <strong>net-zero scenario<\/strong>, detailing a pathway to reduce global energy emissions to net zero by 2050. Despite more than 190 countries committing at the 2015 Paris climate talks to limit global warming to below <strong>1.5 degrees Celsius<\/strong>, the latest analysis suggests that this threshold will be exceeded in all scenarios, with a potential decline only achievable under the net-zero framework, provided that effective carbon dioxide removal technologies are deployed.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitl8gaka{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitl8gaka:hover{border-color:#dc262688}\r\n.hitl8gakg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 0%,rgba(220,38,38,0.35),transparent 65%);pointer-events:none;z-index:0}\r\n.hitl8gakg2{position:absolute;bottom:0;left:0;right:0;height:45%;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The <strong>International Energy Agency&#8217;s warning<\/strong> about growing global oil demand until 2050 creates both <strong>opportunities and risks<\/strong> for businesses in Oman. With the projected <strong>increase in liquefied natural gas (LNG) exports<\/strong>, there is a chance for Omani companies to expand their market share in energy, especially in response to rising demand driven by tech sectors. However, <strong>investors should remain cautious<\/strong>; the shift away from climate commitments raises the risk of future regulatory changes that could disrupt business operations focused on fossil fuels.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil and gas demand could grow until 2050, with the International Energy Agency (IEA) predicting a failure to meet climate goals. Despite shifts in U.S. energy policy, the IEA&#8217;s new report suggests oil demand may peak by 2030, with significant increases in LNG supply.<\/p>\n","protected":false},"author":18,"featured_media":6274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[2435,396,2766],"class_list":["post-6273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-climate-goals","tag-energy-transition","tag-oil-demand"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/11\/3188011.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=6273"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6273\/revisions"}],"predecessor-version":[{"id":6275,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6273\/revisions\/6275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/6274"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=6273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=6273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=6273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}