Oil Demand Won’t Be Wiped Out By Energy Transition ...Middle East

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Oil Demand Won’t Be Wiped Out By Energy Transition
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The COVID-19 crisis has accelerated the timeline of peak oil demand while government policies to build back better and greener are speeding up the energy transition, major oil companies and forecasters say. Most industry professionals and analysts believe that peak oil demand will occur at some point between the end of this decade and the latter half of next decade—sooner than thought before the pandemic. Some, like BP, even say that the world may have already passed peak oil demand. Yet, it is also BP’s chief executive Bernard…

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