Electric vehicle growth could see oil demand peak by 2030 – Fitch
Electric Vehicle (EV) adoption is an increasing threat to oil demand, which could plausibly peak before 2030, Fitch Ratings says in a new report, ‘Batteries Update: Oil Demand Could Peak by 2030′. The report examines the impact of EV adoption on oil prices and the implications for various sectors. “This is not our core scenario, […]
Oil prices slide after IEA cuts 2018 oil demand growth outlook to1.3 million bpd
Oil prices fell more than 1 percent Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past few months’ narrative of tightening fuel markets. Brent crude futures were at $61.33 per barrel at 0515 GMT, down 88 cents, or 1.4 percent from their last close. U.S. West Texas Intermediate (WTI) crude […]