Peak oil Tag

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with combustion engine cars, according to a new report by energy and maritime services company DNV GL. In its 2018 Energy Transition Outlook, DNV forecast that EVs will account for half of all...

Peak oil demand will arrive in 2036 according to energy consultant Wood Mackenzie, with electric vehicles and autonomous vehicles set to rapidly alter the world’s transportation sector. Speaking to the Financial Times, Wood Mackenzie’s head of crude oil research Ed Rawle said: “Autonomous electric vehicles or...

Global oil demand could peak within a decade if nations work together to hit climate goals, or keep growing into the 2050s in a conflict-ridden world, according to Norwegian energy firm Equinor. The company, formerly known as Statoil, made the double-edged prediction in its new energy...