The adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil sooner and faster than in our previous forecast. As a result of this transition, Rystad Energy is downgrading its peak oil demand forecast to 101.6 million barrels per day (bpd), a pinnacle that will come …
The post Slowing down as electric vehicles accelerate, oil demand set to peak at 101.6 million bpd in 2026 first appeared on Hellenic Shipping News Worldwide.
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