EnergyWatch

New report says oil consumption will peak in three years

Oil consumption will peak in 2022, according to a new analysis by classification firm DNV GL. After that, it will slowly but surely be a downward journey for oil, which in a short span of years will be overtaken by gas.

Photo: Vivek Prakash/Reuters/Ritzau Scanpix/REUTERS / X90042

Oil consumption will peak over the next three years, classification firm DNV GL predicts in a new analysis focusing on the energy transition toward 2050.

But according to DNV GL, oil, which currently represents 29 percent of the world's total energy consumption, will not be the energy source of the future.

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