Key Points
The gasoline demand peaks first and falls quite strongly, diesel demand will be a pretty flat, slight decline, the demand for jet fuel continues to grow..
In the medium term, the demand growth continues to grow, maybe 6 million barrels per day more demand is there to be achieved before they reach a peak in the early 2030s and after they reach a peak, it will be very flat demand, it is not going to collapse by any means...
There is no expectation of a collapse in the price of oil, but the price of oil will remain strong and all these carbon issues add to the price of oil because the carbon containment increases the cost and the marginal cost of production in many of the developed countries which have to worry about the carbon issues, means that actually the price of oil can be maintained at reasonably high prices..
Do you concur with the view that the peak demand for oil from the automobile sector is over and that will have greater ramifications in coming years?..
When you say that oil demand will peak out by 2030, but by 2030 while demand will continue to grow before it peaks out, your view is that oil prices will remain between $70 to $100..
