Global oil demand won't peak until 2032, Wood Mackenzie report says

Core Insights - Global oil demand is projected to peak in 2032, which is two years later than previously anticipated according to consultancy Wood Mackenzie [1] - The delay in peak demand is attributed to sustained momentum in the use of hydrocarbons [1] Industry Analysis - The report indicates that the continued reliance on hydrocarbons will drive oil demand beyond earlier estimates [1] - This shift in timeline may impact investment strategies and market dynamics within the oil and energy sectors [1]