Oil Demand Predictions Vary Wildly Among Energy Agencies ...Middle East

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Oil Demand Predictions Vary Wildly Among Energy Agencies
source : OILPRICE ( Middle East ) () 43
Projecting long-term oil demand during the ongoing energy transition has been likened to trying to catch lightning in a bottle, with prognostications by different experts varying wildly. Oil demand growth predictions by 28 organizations including a handful of Big Oil companies through 2050 run the entire gamut from wildly bullish by US EIA (+34%) and Shell Waves (+18%) to deeply pessimistic by Energy Watch Group (-100%) and UNPRI 1.5 (-79%). However, whereas projecting oil demand nearly three decades…

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