Episode Details

Global oil demand is plummeting—down two million barrels per day this year, the first double-year decline in over a decade—driven by economic slowdowns and the unstoppable rise of electric vehicles. Geopolitical tensions and renewable energy adoption are accelerating the shift away from fossil fuels, forcing oil producers to rethink output and companies to reassess long-term investments. While consumers may see more stable or lower fuel prices, market volatility remains. The International Energy Agency forecasts stabilization next year but warns of slower growth ahead, urging close watch on global economies and the green transition as the world pivots toward sustainability.

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