Capital Economics predicts global oil demand will peak around 2030

China and EMs to drive demand

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What's in store for oil demand?
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What's in store for oil demand?

Oil prices are predicted to fall for much of the decade because of the Covid-19 crisis, with the peak in oil demand now not expected until 2030, according to a new report by Capital Economics.

With countries implementing lockdown measures to bring the coronavirus pandemic under control earlier this year, global demand for fuel dropped dramatically. The price of oil subsequently collapsed,...

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