This scenario was then used by banks and companies to extrapolate how many billions of dollars they must invest to satisfy coming energy demand. The IEA’s all-star reputation made the CPS the benchmark for global energy supply and demand forecasts for decades – until recently. As a result, these forecasts showed peak global oil demand only an additional 3 million to 106 million barrels a day by 2030 before permanently declining. The IEA reinstated the Current Policies Scenario for 2025 after pressure from the Trump administration, while confirming that no peak in global oil demand should be expected until at least 2050. Marine shipping: The IEA continues to present overly aggressive forecasts of a significant decline in crude oil use for global oceangoing shipping.