OIL DEMAND UP TO 2030
PLATTS - Global oil demand will peak around 2030 at 111 million b/d as a sharp rise in electric vehicles and energy efficiency gains offset growing demand from the aviation and petrochemical sectors, Norwegian producer Equinor said in its long-term energy outlook.
A widespread electrification of vehicles, mostly cars, will see oil demand from light-duty vehicles in the transport sector fall by 9 million b/d from 2030 to 16.2 million b/d in 2050, according to Equinor's central Reform scenario.
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