Argus: Oil Demand Will Not Plunge Because Of The Energy Transition ...Middle East

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The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus analysts said at the Argus Crude forum during the IPWeek conference on Tuesday. The trend of world oil demand will be a “tug of war” between increased efforts at green recovery and electrification in Europe, the United States, and China to some extent, versus growing oil demand amid strong economic growth in emerging economies, according…

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Last updated : 23 February 2021 clock 09:31 PM

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Argus: Oil Demand Will Not Plunge Because Of The Energy Transition ...Middle East

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