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S&P Global: Global Energy Demand to Rise 60% by 2060 on Emerging Economies

S&P Global projects global energy demand will surge 60% by 2060, driven by developing nations like Brazil, India, Nigeria, and Indonesia. Despite renewable expansion, the report indicates oil and gas will remain essential, extending their lifecycle. This challenges peak-demand narratives and supports sustained fossil fuel investment.

OilPrice.comabout 1 hour agoBR, IN, NG, IDengCredibility 52%View source

Score Breakdown

Mosaic Score7.0
Confidence0.5
Significance0.8
Source credibility0.5

Intelligence Tags

#energy-demand#emerging-markets#oil#gas#renewables#forecast

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