Saudi Aramco's divestment programme-II: When will demand for oil begin to decline?
Some oil industry commentators foresee demand for oil peaking at some point in the 2020s. 8Shell’s former Chief Financial Officer Simon Henry said he expects oil demand to peak within the next five to fifteen years. 8Goldman Sachs suggests the peak could come as soon as 2024.17 For an industry that has seen consistent demand growth throughout its 150 years of history – except in years of economic recession – the price dynamics will be fundamentally disrupted whenever the peak occurs. Click on Reports for more