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 Looney who said at CERAWeek’s India Energy Forum in October that “peaking of oil demand does not mean the end of oil. Oil will be around for a very, very long time.” Regardless of when peak oil demand occurs, the world will not stop using oil, and any decline will only be very gradual, despite the wishes of environmental […]