FGE says crude oil demand may have peaked in 2025
In short
FGE NexantECA says crude oil demand may have peaked in 2025. The summary says more fuel needs are being met by biofuels instead.
This matters for oil markets because it suggests slower growth in crude use. The report does not give a full forecast, and it does not say which countries will be hit most.
What the reporting says
FGE NexantECA said crude oil demand may have peaked in 2025, according to a Mint Markets summary. The reason given is that rising fuel needs are increasingly being met by biofuels. The reporting does not provide a forecast range, a region-specific estimate, or confirmation from another source.
Why it matters
FGE NexantECA is cited as saying crude oil demand may have peaked in 2025, with biofuels taking a growing share of fuel needs. That is relevant for oil producers, refiners and energy markets because it points to softer future crude demand. The available reporting does not give a detailed regional forecast or confirm the claim with further data.