Latest Analysis /
Chairman's Corner (English)
Chairman's Corner - Peak crude, not peak oil — Two crises, six years apart, are changing the composition of oil demand
Published: 2 October, 2026
Highlights:
- Global refinery throughput – and therefore crude oil demand – may have peaked in 2025, even as total liquids demand continues to grow over the next decade.
- As in the 1970s, two major crises six years apart, COVID-19 and the Strait of Hormuz crisis, are accelerating structural changes in ...
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