(Bloomberg) — Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.While the current growth rate of 1 million barrels a day — or about 1% — will hold for the next five years, it will ebb to just 100,000 barrels a day in the 2030s, the agency said. By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its long-term World Energy Outlook.“Oil demand plateaus post-2030,” said Fatih Birol, …read more
Source:: Yahoo Finance
