Will peak oil ever happen?

Published: Jul 18, 2024

The advent and growth of electric vehicles will ultimately have an impact on the demand for oil.
From an oil supply perspective, in the near to medium term, we feel there is a rather balanced market where the Organization of the Petroleum Exporting Countries (OPEC) has enough control to smooth fluctuations and keep oil prices range-bound.
The $70-$90 per barrel of oil is a sweet spot that is acceptable to both producers and consumers.

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