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Global: Consultancy Projects Oil Demand Will Peak in 2036

Jul 16, 2018 | 17:23 GMT

Recognition is growing, even among major oil companies, that the world is in the midst of an energy transition. Even so, Wood Mackenzie's timeline is more aggressive than many previous projections, highlighting several technologies that are working, perhaps faster than first predicted, to change global oil use. Improved fuel efficiency, proliferating eletric vehicles, and enhanced automation will all play important roles in reducing the world's dependence on oil in the transportation sector. In the process, they will force companies and countries alike to adapt their strategies and goals....

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