IEA Predicts EVs Won't Cause Crash in Global Oil Demand

LONDON, Nov 14 (Reuters) - Global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with consumption in petrochemicals and other transportation still growing, the International Energy Agency said on Tuesday. Oil is already facing stiff competition from ever-cheaper and more environmentally friendly energy sources as traditional fossil fuel users switch to cleaner, low-carbon alternatives. In its World Energy Outlook 2018, the ...

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