OPEC Chief Says Oil Demand Will Defy Predictions of a Peak
theenergynewsbeat.substack.com
OPEC’s top official said forecasts that oil demand is heading toward a peak will prove just as misguided as earlier predictions that supply was reaching its zenith. “Ultimately, peak oil supply has never come to pass, and predictions of peak oil demand are following a similar trend,” Secretary-General Haitham Al Ghais said in a statement on the group’s website. “Peak oil demand is not showing up in any reliable and robust short- and medium-term forecasts.”
OPEC Chief Says Oil Demand Will Defy Predictions of a Peak
OPEC Chief Says Oil Demand Will Defy…
OPEC Chief Says Oil Demand Will Defy Predictions of a Peak
OPEC’s top official said forecasts that oil demand is heading toward a peak will prove just as misguided as earlier predictions that supply was reaching its zenith. “Ultimately, peak oil supply has never come to pass, and predictions of peak oil demand are following a similar trend,” Secretary-General Haitham Al Ghais said in a statement on the group’s website. “Peak oil demand is not showing up in any reliable and robust short- and medium-term forecasts.”