Reuters:
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TL;DR: Consultancy Wood Mackenzie announced in a report that global oil demand is projected to peak in 2032, a two-year extension from their previous estimation. The updated forecast reflects a shift in expected peak oil demand. According to a report released Wednesday by consultancy Wood Mackenzie, global oil demand is now projected to peak in 2032. This revised forecast represents a two-year extension compared to their previous estimate.
Key takeaways
- According to a report released Wednesday by consultancy Wood Mackenzie, global oil demand is now projected to peak in 2032
- This revised forecast represents a two-year extension compared to their previous estimate
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