Demand last year was the highest that it's ever been. Demand this year is up versus last year. Demand next year will be up again. ... We're closer to 105 million barrels a day today. We'll probably be close to 110 million barrels a day by the end of this decade. And then, you know, some forecasts would have it beginning to plateau. Some would have it continuing to grow.
Chevron expects continued growth in fossil fuel demand for decades due to population growth, economic development, and sustained usage in transport sectors, indicating upward pressure on oil prices in the long term.
9 calls
consistently off direction or weak follow-through
| 8/23/2025 2:51:40 AM |
long term up |
60 days later |
-5.09% |
-5.09% |