Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier view that demand will peak around 2030, Norway’s energy giant Equinor said on Tuesday. The oil and gas major, which has just announced its ambition to become a net-zero energy business by 2050, following other major European companies in this pledge, said in its annual Energy Perspectives report that the pandemic and its effect on the way people work and interact could challenge the earlier assumption of peak oil demand around 2030. In addition, the promises of major economies to “build back greener” could mean that more energy investments will be heading renewables’ way, driven by support from governments and the general public, according to the Norwegian major. COVID-19 has altered not only the way people commute and use […]