32 min listen
The 14th Global Energy Outlook Forum 2024 INTERVIEW:
The 14th Global Energy Outlook Forum 2024 INTERVIEW:
ratings:
Length:
19 minutes
Released:
Jan 10, 2024
Format:
Podcast episode
Description
S&P Global Commodities Joins the IEA in Forecasting Peak Oil Demand to Arrive as Early as 2030: What, Where, When & Why?
The global demand for crude oil is expected to see its peak in 2030 at 112 million barrels a day mark with India and Africa to be major contributors, S&P Global Commodity Insights reported in December 2023 – two months after the IEA were criticized heavily by OPEC for predicting a similar peak date. The current global demand of crude oil is at 103 million barrels per day, and India and Africa will be the major contributors to the 8.7% increase in demand by 2030 as industrial activities will pick up in the Global South region, S&P said.
Listen to the insights of Paul McConnell, Executive Director, Climate and Sustainability, S&P Global Commodity Insights
The global demand for crude oil is expected to see its peak in 2030 at 112 million barrels a day mark with India and Africa to be major contributors, S&P Global Commodity Insights reported in December 2023 – two months after the IEA were criticized heavily by OPEC for predicting a similar peak date. The current global demand of crude oil is at 103 million barrels per day, and India and Africa will be the major contributors to the 8.7% increase in demand by 2030 as industrial activities will pick up in the Global South region, S&P said.
Listen to the insights of Paul McConnell, Executive Director, Climate and Sustainability, S&P Global Commodity Insights
Released:
Jan 10, 2024
Format:
Podcast episode
Titles in the series (100)
PODCAST: Daily Energy Markets - April 7th by Gulf Intelligence Podcasts