DeepResource

Observing the renewable energy transition from a European perspective

Peak Oil Saudi Arabia 2027, Global Peak Oil 2025

This was in hindsight a little too pessimistic, but now global peak oil is in sight.

Prince Mohammed said on Saturday Riyadh had announced it would be raising its production capacity to 13 million bpd by 2027 and “after that the Kingdom will not have any more capability to increase production”.

Other authoritative voices on the estimated date of global peak oil:

IEA: 2025
McKinsey: 2025
Rystad Energy: 2026
Goldman-Sachs: 2024

Make that 2025.

[reuters.com] – How much extra oil can Saudi Arabia pump?
[deepresource] – McKinsey – Peak Oil Might Be Just Three Years Away
[deepresource] – Peak Oil 2026
[deepresource] – Goldman-Sachs – Peak Oil Demand 2024, not 2040
[deepresource] – Shell Peak Oil was 2019. Quo Vadis?
[fortune.com] – Oil demand to peak by 2025, but world needs to invest trillions in renewables to keep the lights on: IEA

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