‘Peak oil demand could arrive much sooner than expected, says oil firm’
6 January 2020
16:08
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The world’s appetite for oil could peak within five years, according to one of Europe’s biggest oil and gas firms – much earlier than most rival oil companies expect.
Luis Cabra at Repsol, which last month became the first major oil company to declare a target of reducing carbon emissions to net zero by 2050, said peak demand could arrive soon as countries begin to act on climate change.
