Global oil demand could peak in 2030 with increase in electric vehicles, report says – Houston Chronicle

Global oil demand could peak in 2030 with increase in electric vehicles, report says – Houston Chronicle

Global demand for oil, which is struggling to recover from the coronavirus pandemic, could peak this decade as electric vehicles become mainstream, according to a new report. Global demand for crude fell 16 million barrels per day in the second quarter, the biggest drop in a single quarter, according to a Bank of America Securities […]

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