The Chief Executive Officer (CEO) for France’s TotalEnergies has commented that the company anticipates oil demand increasing.
The forecast is being driven by statistics showing that climate concerns are being outweighed by the current focus on energy security.
In its recently published 2025 energy outlook report, Total predicted global demand rising until 2040 before a gradual drop off. The new analysis shows a distinct increase in comparison to last year’s forecast.
The results of the report reflects the impact of US President Trump’s reinstatement of liquefied natural gas (LNG) plant licences and his rolling back of green subsidies, as well as the low sales figures for electric vehicles (EVs).
The yearly report outlined three different scenarios that include a “rupture scenario” closely aligned with the 2016 Paris Agreement, a “momentum scenario” and “current trends”.
At a recent press conference, Patrick Pouyanne, CEO at TotalEnergies, commented that while the company could present the rupture scenario, due to current political fragmentation levels and international coordination necessary, its probability of success ranged from diminishing to entirely out of reach.
TotalEnergies is part of the international energy transition. It aims to become a leader in the clean energy solution sector while continuing to supply existing energy sources like traditional fossil fuels. In the UK, the company offers EV charging, operates service stations and supplies power and gas to businesses. It also provides high-quality products through the range Total Lubricants. These include hydraulic oil, gear oil, grease and neat and soluble cutting-fluid, among other solutions.
