Investors See Peak Demand Happening Much Further In The Future

Recovering economies this year have resulted in a robust rebound in oil demand, disproving some projections from the onset of the pandemic in 2020 that the world had already seen peak oil demand.   Despite scares of new variants, such as Delta and lately, Omicron, global oil demand is on track to reach pre-pandemic levels within months and to further rise in coming years. Peak oil demand is not in the cards in the near future, analysts say.   Oil investors surveyed by Bloomberg Intelligence in November have also significantly…