Oil Demand to Rise Through 2032 as Energy Transition Stalls ...Middle East

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Oil Demand to Rise Through 2032 as Energy Transition Stalls
source : OILPRICE ( Middle East ) () 74
Global demand for crude oil is going to continue on an upward trajectory until at least 2032, Wood Mackenzie has warned in a new report that says the world is way off track in meeting its Paris Agreement goals. The drivers: transport and petrochemicals. The report will not come as a surprise to those following energy development closely over the past five years or so, as efforts to put the world—or at least parts of it—on the path to an energy system whose emissions of carbon dioxide are equal to the emissions it absorbs and stores…

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