Rystad Energy: COVID To Accelerate Peak Oil Demand To 2028 ...Middle East

Global oil demand will peak at 102 million barrels per day (bpd) in 2028, Rystad Energy said on Monday, noting that the push to low-carbon energy and the coronavirus pandemic will speed up the peak oil demand timeline to 2028 from 2030 previously expected. Before the pandemic upended forecasts for oil demand for both the short and long term, Rystad Energy had expected the maximum world oil demand to hit 106 million bpd in 2030. According to the energy research and business intelligence company, it will not be until 2023 that global oil demand recovers…

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