Petrol demand to peak by 2030: Wood Mackenzie
Global demand for petrol will peak by 2030, due to increased engine efficiency and the greater prevalence of electric cars, according to a report by energy consultancy Wood Mackenzie. The consultancy said that it expected the demand for gasoline to fall significantly, particularly after 2025, and that total oil demand would also level off around 2035. Of the 96 million barrels of oil consumed globally each day, 60 million are used in transport. In the short term, regulatory changes relating to fuel efficiency imposed by China, the European Union and the US will provide the greatest curb on gasoline demand.

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