TotalEnergies sees global oil demand plateau in 2030s under current trends

• TotalEnergies published its 2026 Energy Outlook on November 2, projecting continued fossil fuel demand growth under current policies.
• Under its Trends scenario, petroleum product demand plateaus in the 2030s; gas demand stabilizes in the 2040s.
• That trajectory implies global warming of 2.6°C–2.8°C by 2100, with infrastructure constraints, geopolitical tensions and costs limiting low-carbon deployment.
• The more ambitious Momentum scenario projects warming of 2.3°C–2.4°C, with insufficient low-carbon investment sustaining fossil fuel demand in developing markets.
• The Rupture scenario limits warming to 1.8°C–1.9°C but appears out of reach given geopolitical rivalries and the need for stronger cooperation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.