Enverus Says Peak Oil Won't Happen Before 2030 as EV Impacts Ebb
- Research firm dismisses IEA estimates of peak oil before 2030
- Global oil demand growth will gradually slow, Enverus says
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Global oil demand won’t peak before the end of this decade because of underwhelming fuel economy standards and slowing adoption of electric vehicles in the US, energy researcher Enverus says.
Enverus is dismissing peak-oil predictions by the International Energy Agency and instead forecasting that crude demand will rise to about 108 million barrels a day by 2030, according to a Tuesday report by the firm. Its latest estimate is about 3 million barrels a day more than last year’s outlook, according to the report’s author, Al Salazar.