Covid era peak oil demand predictions didn’t age well as oil demand is still going strong despite the fresh scare of the Omicron variant IEA Chief Birol: Demand dynamics are stronger than many of the market observers had thought The oil demand outlook appears to be so bullish that even U.S. shale drillers have begun boosting their production In 2020, as the coronavirus locked down country after country, many energy industry observers and even participants floated the argument that this was the end of the oil era. Demand, these commentators said, had peaked. From now on, it will be a downward spiral for it, they said. These predictions did not age well. Just a year into the pandemic, economies were reopening, growing, and unsurprisingly for many, consuming more crude oil. Last September, Bloomberg reported that some of the world’s biggest economies had seen a rebound in oil demand to […]