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Vitol Pushes Back Peak Oil Demand Forecast to Mid-2030s
Market Intelligence Analysis
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Why This Matters
Vitol Group has revised its peak oil demand forecast to the mid-2030s, citing slow adoption of electric vehicles as a key factor. This shift suggests a prolonged period of oil consumption, potentially benefiting oil-producing companies and related industries. The revised forecast may also impact investment strategies and energy policy decisions.
Market Impact
Market impact analysis based on neutral sentiment with 80% confidence.
Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Vitol Group, the world’s largest independent oil trader, said oil demand will take longer to peak than it previously estimated because of slow take-up of electric vehicles.
Original article published by
Bloomberg
on February 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.