Energy

Energy

Energy Focus

6 July, 2017

What do advances in vehicle technology mean for oil demand?

Advancements in fuel efficiency, an increasing number of electric vehicles and the introduction of automated vehicles should mean that demand for oil in developed countries peaks over the next decade. However, fast growth in demand for travel in the developing world is likely to ensure that global oil demand continues to rise for the foreseeable future, just at a considerably slower pace than over the last few years.

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