Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

Thursday, February 7th 2019 - 07:44 UTC

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By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year. Read full article

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:o))
It does not need the Bank of America to announce the decreasing demand for the crude oil:

As I had mentioned in the comments REF:
http://en.mercopress.com/2019/02/02/petrobras-begins-development-of-massive-offshore-field-brazil-targets-7.5m-bpd-in-a-decade#comments
Feb 07th, 2019 - 10:00 am - Link - Report abuse 0
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