{"id":303,"date":"2018-09-24T15:42:00","date_gmt":"2018-09-24T15:42:00","guid":{"rendered":"http:\/\/thefreezoneblog.com\/blog\/2018\/09\/24\/oil-demand-peaks-at-104m-barrels-daily\/"},"modified":"2018-09-24T15:42:00","modified_gmt":"2018-09-24T15:42:00","slug":"oil-demand-peaks-at-104m-barrels-daily","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/oil-demand-peaks-at-104m-barrels-daily\/","title":{"rendered":"Oil demand peaks at 104m barrels daily 2030"},"content":{"rendered":"<div class=\"separator\" style=\"clear: both; text-align: center;\">\n<a href=\"https:\/\/2.bp.blogspot.com\/-9O0m20rrQ5Q\/W6kFFzwK4WI\/AAAAAAAADkw\/rQKF0RUbJGEypHxXFW1__MaDfa2_pVXwgCLcBGAs\/s1600\/Peak%2Boil%2Bdemand%2BStandard.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" data-original-height=\"1536\" data-original-width=\"1536\" height=\"640\" src=\"http:\/\/thefreezoneblog.com\/blog\/wp-content\/uploads\/2018\/09\/PeakoildemandStandard.jpg\" width=\"640\" \/><\/a><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nWorld oil demand will peak at 104.4<br \/>\nmillion barrels per day (bpd) in the mid-2030s, up from just below the<br \/>\ncurrent 100 million bpd.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nIt shall be so as new technologies<br \/>\ngradually eat into oil use, China\u2019s Unipec said on Monday at the annual<br \/>\nAsia Pacific Petroleum Conference (APPEC) in Singapore.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nUnipec President Chen Bo said improved energy efficiency and technological changes are keys to the trend.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nHe also said that the rise of renewables<br \/>\nalso meant global oil demand growth would slow in coming years and peak<br \/>\nat 104.4 million bpd in 2035my noting that in spite of trade disputes<br \/>\nbetween China and the U.S., crude supply was<br \/>\n an important new source for Chinese refiners.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nHe added that \u201cit allows diversification away from Middle East and African crudes, on which China has relied heavily\u201d he said.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nTrade war tensions between the United<br \/>\nStates and China will last just \u201cfor the time being, and in the future<br \/>\nwe\u2019ll be active in this area,\u201d he said.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nChen Bo also said China would reduce<br \/>\nIranian oil imports because of looming U.S. sanctions against the Middle<br \/>\n East country due to start in November.<u><\/u><u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<u><\/u><\/div>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\nThere had not yet been a decision on how big these cuts would be.<u><\/u><u><\/u><\/div>\n<p><\/p>\n<div style=\"margin: 0cm 0cm 0.0001pt; text-align: justify;\">\n<u><\/u>&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. &nbsp; It shall be so as new technologies gradually eat into oil use, China\u2019s Unipec said on Monday at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore. &nbsp; Unipec President [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[85],"class_list":["post-303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-oil-and-gas","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - 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