Oil prices are hoping for a rebound? Key report from IEA suggests "recovery" bullish scenario: demand for oil and natural gas may not peak until 2050.

According to the Wise Finance and Economy APP, the International Energy Agency (IEA) has changed its view on the peak of oil demand and has reintroduced the scenario of global oil consumption continuing to increase until the mid-century in its annual "World Energy Outlook" report released on Wednesday. Although the three scenarios studied by the IEA last year all predicted that oil demand in this decade would stabilize or decrease, the latest report reintroduced the "Current Policies Scenario" (CPS), in which oil consumption is expected to increase by 13% to 113 million barrels per day by 2050 compared to 2024. This more optimistic outlook depends on the slowing down of the spread of electric vehicles.