World oil demand, refining growth to peak in 2035: Unipec
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil Continue Reading
Now near 100 million bpd, when will oil demand peak?
Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it Continue Reading
Russia is Only 3 Years Away From Peak Oil
Russia is only three years away from maximizing oil extraction output before costs and taxes drive down production, Russia’s energy minister has warned. The Russian economy has relied on its Continue Reading
Russia’s Peak Oil Production Could Be Just Three Years Away
Russia’s oil production could peak as early as in 2021 due to high taxes and costs, provided there are no benefits for exploration or tax incentives introduced, Russian Energy Minister Continue Reading
Can Oil Demand Really Peak Within 5 Years?
Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The estimates range, but tend to fall somewhere around 2030 or later. Continue Reading
DNV GL: world energy demand will peak in 2035 prompting a reshaping of energy investment due to rapid electrification and inherent efficiency
Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards, according to DNV GL’s Energy Transition Continue Reading
why do political and economic leaders deny peak oil and climate change?
Since there’s nothing that can be done about climate change, because there’s no scalable alternative to fossil fuels, I’ve always wondered why politicians and other leaders, who clearly know better, Continue Reading
Apocalypse by 2040? Shock as MIT computer model predicts END DATE for civilisation
A COMPUTER MODEL developed in 1973 by a team of MIT researchers has predicted the “end of civilized life as we know it” by 2040, with a major change coming Continue Reading
Call for big oil groups to reveal crude-peak risk
The world’s biggest oil companies are systematically over-valuing their assets based on excessively optimistic forecasts of future prices, according to a leading investor. UK asset manager Sarasin & Partners has Continue Reading
Wood Mackenzie: Global Peak Oil Demand Expected In 2036
Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial Continue Reading