{
  "id": 17829740,
  "title": "TotalEnergies Now Sees Oil Demand Peaking Between 2035 and 2040",
  "url": "https://urgent.news/2026/11/02/totalenergies-now-sees-oil-demand-peaking-between-2035-and-2040",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T17:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/TotalEnergies-Now-Sees-Oil-Demand-Peaking-Between-2035-and-2040.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "TotalEnergies has revised its outlook, now predicting that oil demand will peak between 2035 and 2040, down from its previous projection of 2040. The company attributes this change to the ongoing Iran war, which has accelerated the energy transition and led to a surge in EV sales in Asia, Latin America, and Europe. The International Energy Agency projects about 23 million EV sales in 2026, accounting for nearly 30% of new cars worldwide. TotalEnergies' adjusted net income more than doubled to $9.1 billion in the third quarter, driven by record $4.1 billion from its downstream division and historic high refining margins.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}