Oil Demand Stays Strong Despite EV Surge ...Middle East

OILPRICE - Economy
Oil Demand Stays Strong Despite EV Surge
source : OILPRICE ( Middle East ) () 162
In the new hit TV show “Landman”, the lead character, Tommy Norris, delivers a five-minute speech that summarizes just how critical for modern civilization crude oil is. Everything, up to and including wind turbines, depends on oil. This year, with record EV sales in China and the continued buildout of wind and solar in Europe, has proven just how pertinent that speech is to the current state of the energy transition—or the absence of it. About a month ago, the World Bank predicted in a blog post that crude oil demand would hit…

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