Global oil demand is still on track to peak by 2030: International Energy Agency
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The organisation’s executive director Fatih Birol told CNA’s Roland Lim the reasons for these projections on the sidelines of the Singapore International Energy Week. SINGAPORE: Global oil demand is on track to peak by 2030 due to China’s economic slowdown and the rising adoption of electric vehicles , among other factors, said the International Energy Energy’s executive director on Tuesday (Oct 22). China was responsible for more than 60 per cent of global oil demand growth over the last
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