Energy & Science
Total Sees Oil Demand Peaking Around 2030 as World Goes Green
- Most energy demand growth to be fed by low-carbon electricity
- French giant’s outlook is more conservative than that of BP
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Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030.
While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was already over, it adds to the chorus of executives and investors predicting rapid change for the industry.