The IEA has a decades-long history of vastly underestimating renewables adoption, but it has now truly entered the realms of the absurd and ridiculous. To reach these new fossil-fuel-friendly industry conclusions, it has to ignore different global government's stated Net Zero Commitments. Include them, and that alone sees oil use 77% lower in 2050.
Another thing they had to ignore? Electric Vehicle adoption. These new figures assume there won't be any more in the world in 2050 than today.