The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were ...
Earlier this year, Sinopec and PetroChina saw gasoline demand in China peaking in 2025. Everyone forecasting peak oil demand for China attributes it to rising EV sales, which accounted for 37% of all ...
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Outlook says peak oil demand by 2030 theory is crumbling
IEA and Rapidan say oil demand may not peak by 2030, with growth possible to 2050 and a refining bottleneck ahead to spur ...
Global oil supply will rise 8 million barrels per day above projected demand, the IEA said. Meanwhile, global demand will plateau and peak before 2030. The massive supply buffer will likely cut into ...
For more than a century, two trends in global transportation have been relentless: humanity’s desire for more cars and the consumption of ever-more oil to fuel them. The second part, at least, may ...
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