Browsing: Road oil

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

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BENGALURU: Global road oil demand will rise 5 percent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040, according to Reuters.