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الاقتصادية - CNN
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الاقتصادية

2026-11-08T13:39:00.000Z

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الاقتصادية - CNN

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Fuel demand peaks in 2032

Fuel demand peaks in 2032

Wood Mackenzie expects global demand for refined petroleum products to peak at around 108 million barrels per day in 2032, up from about 105 million in 2025, before gradually declining. Around 20% of existing refining capacity is at risk of closure amid slower population growth, the spread of electric vehicles and improved fuel efficiency. Gasoline is expected to be affected more than diesel, jet fuel and specialty products. The company expects the sector to undergo restructuring and capacity cuts over the next decade, as refineries reduce output or focus on higher-value products. Although India is expected to account for around 40% of global refining capacity additions through 2030, the resulting increase in supply could intensify competition.

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