Daily Energy Report

IEA predicts a decline in gasoline demand, Guyana pivot to Asia, NextDecade & Aramco LNG deal, ADNOC LNG export project, COP29 showdown China’s ailing solar, Canada’s Uranium fever, and more.

Chart of the Day: Gasoline Demand to Decline by 1.5 mb/d by 2030 According to the IEA… But

Summary

The IEA expects that EVs will displace 6 mb/d of oil demand by 2030! Yet, in its 5-year outlook that was released yesterday, it shows a decline in gasoline demand by 1.5 mb/d! Notice the large increase in the demand for LPG and naphtha. 

EOA’s Main Takeaway