TotalEnergies sees oil demand rising until 2040 as energy security outweighs climate concerns

Core Viewpoint - TotalEnergies projects a rise in global oil demand through 2040, followed by a gradual decline due to political fragmentation and energy security concerns impacting emission reduction efforts and global warming limits [1] Group 1: Oil Demand Projections - Global oil demand is expected to increase until 2040 [1] - After 2040, a gradual decline in oil demand is anticipated [1] Group 2: Influencing Factors - Political fragmentation is identified as a key factor affecting energy policies [1] - Concerns regarding energy security are dampening the momentum for emission reduction [1]