Oil demand to peak by 2040 as transport demand stagnates post-coronavirus: IEEJ

Oil demand to peak by 2040 as transport demand stagnates post-coronavirus: IEEJ
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16.10.2020

MOSCOW (MRC) -- Global oil demand is forecast to peak by around 2040 because transport-fuel demand will decline steeply and economic growth will slow in the post-coronavirus world, the Institute of Energy Economics, Japan, said in its annual IEEJ Outlook 2021 on Oct. 15, reported S&P Global."In the post-coronavirus era, we expect demand for transport fuels will be curbed significantly,"

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