Peak Oil Demand May Be Ten Years Away
The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media this Continue Reading
Is the next ‘peak oil’ going to be its final one too?
Storing for the future or for the now? As economies recover from the pandemic, demand should surge, which will dent all the stored up oil sloshing around. Also in this Continue Reading
Oil Markets Will Face A Supply Crisis Before Demand Peaks
The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly Continue Reading
Peak demand? More like a supply crisis propelling oil to US$100 | Hellenic Shipping News Worldwide
The world stands on the cusp of an oil supply crisis. Years of insufficient investment in offshore mega-projects combined with the end of U.S. shale hyper-growth and a recent shift Continue Reading
Peak Oil Demand, Really? Some Lessons From The Debate Over Peak Supply
Which peak are we talking about? Some recent headlines and quotes from the press: “Peak Oil is Suddenly Upon Us” (Bloomberg 12/1/20); “Even Exxon Mobil is Capitulating to Peak Oil Continue Reading
The World Still Needs Hundreds Of Billions Of Barrels Of Oil
Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already Continue Reading
World oil demand may have peaked in 2019 amid energy transition: IRENA
Global oil demand may have hit the peak in 2019 and natural gas will follow suit around 2025, the director general of International Renewable Energy Agency said March 16, as Continue Reading
The Very Real Possibility Of Peak Oil Supply
Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the Continue Reading
China’s Top Refiner Sees Oil Product Demand Peak By 2025
China’s largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, Argus reported on Friday, citing Sinopec’s Continue Reading
Pandemic brings forward predictions for peak oil demand
The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s demand for oil may peak. The rise Continue Reading