Introduction

Since the 1960s, demand for oil has grown consistently in line with global GDP at a rate of around 1 to 2 million barrels per day each year.

The future is likely to look very different to the past, however, as new technologies disrupt demand for oil products in key sectors. This report outlines BloombergNEF’s view on oil product demand to 2050, and explains the major trends that we see shaping the demand outlook over the coming decades.

Contents

• Sector outlooks: road fuels, aviation fuels, chemicals
• Demand: Peak, decline and plateau
• Oil & Gas transition scores

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Key disruptors