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Oil Supply & Demand in 2030 with Joel Couse
The HC Commodities Podcast
Oil Demand
Transportation is the key driver of oil demand. We're still looking at growth in the coming years from 101 million barrels a day where we are in 2023. Electric vehicle penetration has become extremely rapid. The Chinese electric vehicle sales are now at levels in 2023 that were expected in 2425. So if there is that acceleration, that peak in oil demand will be brought back into something between 2025 and 2035.
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