TotalEnergies: Oil Demand Will Peak After 2030 ...Middle East

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TotalEnergies: Oil Demand Will Peak After 2030
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French oil and gas giant TotalEnergies (NYSE:TTE) has predicted that global oil demand will peak after 2030 in its most likely scenarios, driven by population growth, slow power grid investments, and lagging electric vehicle sales. "There are around 4.5 billion people today with insufficient access to energy in the so-called 'global south'... If you add to that the expected growth in population to 2050 you would need to multiply current energy production by four to pull them out of energy poverty," Total’s Sustainability and Strategy Director…

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