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Montevideo, March 25th 2023 - 11:39 UTC

Tag: cobalt

  • Thursday, February 7th 2019 - 07:44 UTC

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

    By 2030, oil demand growth zeros out as consumption hits a permanent peak, before falling at a relatively rapid rate thereafter <br />

    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.