oil demand Tag

Low oil prices and a sustained economic recovery could bring global oil consumption back to pre-crisis levels and beyond, according to the International Energy Agency’s executive director Fatih Birol. Birol warned governments that the COVID-19 pandemic will only reduce oil demand briefly, with consumption dipping in...

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...