McKinsey: Oil Demand Peak Could Be Two To Five Years Away ...Middle East

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Slower demand for road transport could see oil demand peaking in the next two to five years, McKinsey & Company said in its new Global Energy Perspective 2022 report. The uptake of electric vehicles is the main driver for stagnating growth in oil demand, according to McKinsey, which sees global liquids demand peaking around 102 million barrels per day (bpd) in the next two to five years, despite a near-term recovery of oil demand from the impacts of the pandemic. The analysis, however, was conducted before the Russian invasion of Ukraine, McKinsey…

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McKinsey: Oil Demand Peak Could Be Two To Five Years Away ...Middle East

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