¬†Global oil demand is forecast to peak by around 2040 because transport-fuel demand will decline steeply and economic growth will slow in the post-coronavirus world, the Institute of Energy Economics, Japan, said in its annual IEEJ Outlook 2021 on Oct. 15. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “In the post-coronavirus era, we expect demand for transport fuels will be curbed significantly,” Shigeru Suehiro, senior economist and manager at IEEJ’s econometric and statistical analysis group, told an online press briefing. “We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships.” In its post-pandemic scenario, the IEEJ forecasts […]