TotalEnergies Expects Peak Oil Demand Before 2030

Global oil demand will plateau before the end of this decade and decline strongly after 2030, TotalEnergies said in its Energy Outlook 2021 unveiled on Monday.     Previously, TotalEnergies had expected peak oil demand at some point around 2030, with a slow decline after that. The French supermajor presented two scenarios for global energy and oil demand to 2050—Momentum, a forward-looking scenario, and Rupture, a scenario in which the world could reach well-below 2 degrees Celsius global warming compared to pre-industrial…