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Oil Demand for Transport: Stronger for Longer
Jun 19, 2019
David Doherty, a senior analyst at BNEF specializing in oil demand analysis, shares intriguing insights into the future of transportation. He argues that despite the rise of electric vehicles, oil demand and CO2 emissions will remain stable by 2040, driven by transport needs in developing nations. The discussion highlights the complexities of transitioning to cleaner alternatives in light and heavy-duty vehicles, as well as innovations in hybrid technologies for trucking. Additionally, Doherty examines the shifting dynamics of oil markets and the growing role of biofuels.
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- Despite the rise of electric vehicles, oil demand and CO2 emissions from transport are expected to remain largely unchanged by 2040 due to persistent demand in developing economies.
- Fuel economy regulations critically influence oil consumption patterns, with potential changes in standards significantly impacting overall demand in developed markets.
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