Home Automobile Demand for oil is expected to grow further in the coming years Auto Plus news in your smartphone Auto Plus news in your inbox

Demand for oil is expected to grow further in the coming years Auto Plus news in your smartphone Auto Plus news in your inbox

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Demand for oil is expected to grow further in the coming years Auto Plus news in your smartphone Auto Plus news in your inbox

In recent years, sales of electric cars have continued to grow, to the point that they have even overtaken diesel cars in France, as well as on a European scale. And this trend is expected to continue to increase over the years the offer is getting bigger and bigger and that many Chinese manufacturers are coming to Europe. At the same time, sales of thermal cars are falling very slightly, even if gasoline still has the largest market share at the moment.

A sharp increase

Obviously, therefore, we can expect the demand for oil to decline over the years as more motorists turn to electric vehicles. Well, in fact, it’s the opposite. Indeed, OPEC, the organization that unites all oil-producing countries, believes that the demand for black gold is not ready to weaken. On the contrary, as it should be increase until 2045, with a peak of 116 million barrels per day. Please note that these are predictions that have not yet been verified.

Several scenarios

The latter were equal reviews up compared to previous years, as the organization initially expected 109.8 million barrels per day. This is based on a certain scenario with increased demand from non-OECD countries, including India. But other, less likely scenarios where the level hovers around 98 million barrels, or up to 122 million a day, have also been envisioned.

Read also:
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Author: Marie Lizak
Source: Auto Plus

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