EnergyWatch

Wood Mackenzie: Oil thirst will peak by 2030

Analyst firm Wood Mackenzie notes in a new report that the global demand for oil will peak in 2030 at the latest.

Photo: ritzau/Vahid Salemi/AP

Global demand for oil will peak by 2030 at the latest, as more electric cars hit the roads, according to British analyst agency Wood Mackenzie in a new report, which sizes up the political development, where countries including the UK, France, and China have joined the battle against climate change, reports The Guardian.

Every day, 96 million barrels of oil are consumed around the world. 60 million of these barrels go to transportation, while the number is expected to be significantly reduced in just 13 years.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs