In its annual report on the industry, the IEA said demand for oil looks set to peak by 2029, amid bumper levels of production, driven by the US. Global demand for oil will contract from 2030 ...
Diesel and gasoline demand has weakened in the country, which is the world's biggest importer of oil. The 2027 peak is estimated at 800 million metric tons, or 16 million barrels a day of crude ...
by 2029, the EV shift will “bring total demand to its apex”. Some are more cautious. Take the peak oil prediction “with a grain – or boulder – of salt”, warned Axios. “Supply and ...
Vitol, a major oil trader, forecasts that global oil demand will remain steady for the next 15 years, defying predictions of ...
The forecast sets Vitol apart from the International Energy Agency, which expects oil demand to peak at 105.6 million barrels per day in 2029. The prediction also differs from those made by BP.
Robert Rapier is a chemical engineer covering the energy sector. The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was ...
But there are now signs that China’s thirst for crude is reaching a peak ... s oil use will grow by 1.5mn b/d, roughly three-quarters of China’s additional demand, between 2023 and 2029 ...