Select Region

The Future of Oil to 2050

US oil production demand is expected to be resilient throughout the mid-century, despite the energy transition to electrification.

While some may think that oil-related industries and stocks may be thwarted by ESG considerations like climate change and United States legislation as well as the growth of renewable energies as a power source, the future of oil isn’t bleak. In fact, our research indicates that oil demand is expected to reach peak growth levels in the 2030s before it starts to decline, which, even then, will happen gradually as many industry sectors will find it difficult or impossible to replace oil.


Morningstar’s special report on the future of oil through 2050 examines oil demand across industries, the factors that will support or hinder the future of the oil and gas industry, and oil demand forecasts per sector. With certain sectors more likely to be affected by US oil production than others, this report details how investors can navigate future oil trends when making long-term investment decisions.


Download the report today to understand how oil-related stocks can impact your portfolio returns.

Future-of-Oil-2050_LP-Cover.svg

By clicking Submit, you agree to receiving editorial, events, product update and marketing emails from Morningstar and its related parties, until such time that you choose to unsubscribe or update your preferences via the link in the footer of our emails. You also agree to the Morningstar’s Terms, Privacy Policy and Financial Services Guide (AU).


Morningstar, its affiliates and content providers accept no responsibility for any investment decisions, losses or damages arising from the use of this page. The content is provided for information purposes only and does not constitute investment advice or an offer to buy or sell any security. It has been prepared without regard to your financial objectives, situation or needs. You should consider its appropriateness and, where relevant, the applicable Product Disclosure Statement before making any investment decision.

Morningstar Australasia Pty Limited (ABN 95 090 665 544, AFSL 240892) and Morningstar Research Ltd are subsidiaries of Morningstar, Inc. Morningstar Investment Management Australia Limited (ABN 54 071 808 501, AFSL 22896) is the Responsible Entity and issuer of the Morningstar Investment Funds. Morningstar Australasia Pty Limited and Morningstar Research Ltd do not publish qualitative research on Morningstar Investment Management Australia Limited’s products and do not endorse, issue, sell or promote those products. No guarantee is provided in relation to capital repayment, income or performance. Past performance is not a reliable indicator of future performance.