Vitol Pushes Back Peak Oil Demand Forecast to Mid-2030s
Vitol Group, the world’s largest independent oil trader, said oil demand will take longer to peak than it previously estimated because of slow take-up of electric vehicles.
By Archie Hunter · Bloomberg Markets
Vitol Group, the world’s largest independent oil trader, said oil demand will take longer to peak than it previously estimated because of slow take-up of electric vehicles.