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Demand for Crude Oil May Have Peaked Last Year, FGE Says
Source: Livemint — Markets · 10 hr ago
Summary
FGE NexantECA says that global demand for crude oil may have reached its highest point in 2025, with further growth being limited as biofuels take on a larger share of fuel consumption. The shift toward renewable fuels is reducing the need for additional crude oil, suggesting a plateau in the market.
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From the original report
Demand for crude oil may have peaked in 2025, partly as higher need for fuels is increasingly met by biofuels, according to FGE NexantECA.
Excerpt from Livemint — Markets.
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