Vitol Expects Oil Demand to Remain Robust Until 2040 ...Middle East

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Vitol Expects Oil Demand to Remain Robust Until 2040
source : OILPRICE ( Middle East ) () 58
Crude oil demand will remain at current levels over the next 15 years at least, commodity trading major Vitol has forecast, shattering earlier predictions from outlets such as the International Energy Agency that has consistently been predicting peak oil demand growth before 2030. Demand for crude is set to rise further in the coming years, to peak at around 110 million barrels daily, the commodity giant said in its long-term report, adding that after it reaches that peak, it would begin declining, to reach the current level of daily average demand…

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