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Equinor's forecast shifted for the peak oil demand
Nov. 17, 2020
Source: Reuters

Equinor's forecast shifted for the peak oil demand

Equinor expects the global oil demand to peak 2 years prior to what it has stated earlier i.e 2030 as a repercussion of the COVID-19 pandemic. Equinor is forecasting that by around 2025 the oil demand will be returning to the pre-pandemic level of 100 million bpd and will fall to 88 million bpd in 2050 as far as the current scenarios are concerned.

   Read More About : Equinor Oil Demand
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