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Difficult times for Germany’s downstream
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Global oil benchmark resolves its existential crisis
The addition of US crude to the world’s top oil benchmark has finally solved its North Sea conundrum and laid down a marker for the future
Oil trading’s biggest bust – MG: The death spiral and aftermath
Kevin O’Reilly concludes the cautionary tale of the German conglomerate’s overreach with what went very, very wrong
Oil trading’s biggest bust – MG: Enter Arthur Benson
Kevin O’Reilly continues his three-part account of the hobbling of a German industrial giant with the arrival of the story’s central figure
Oil trading’s biggest bust – MG: What started to go wrong?
Kevin O’Reilly, with 27 years commodity trading experience, dives into one of the most compelling tales of how not to hedge your risks in the first of a three-part series
Chinese energy demand gets back on track
The signs point towards a comeback in 2023, but uncertainty around Covid remains a factor
Arrow flies against Colombian headwinds
The company does not seem concerned about the effect on its growth plans of the new government’s proposed oil sector reforms, and is even looking at potential acquisitions
US oil output to set new record
Partisan political rhetoric has not prevented production growth
Outlook 2023: High prices are a cure for high prices
History shows that the demand impact keeps any oil market spikes strictly temporary in nature
Outlook 2023: Energy crisis puts political commitments to the test
Governments around the world must decide how to approach the energy trilemma amid ongoing volatility
Sectors such as plastics and aviation expected to bolster oil demand
Peak oil Oil markets Vitol Trafigura
Stuart Penson
5 October 2021
Follow @PetroleumEcon
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Oil demand may not peak until 2040s – Vitol

Near-term demand expected to reach pre-pandemic levels by summer 2022 as air travel rebounds

Oil demand could peak in the road transport sector as early as 2026 but may not top out in other sectors—including plastics and aviation—until the 2030s and 2040s, says leading oil trader Vitol. Growing uptake of electric vehicles could see gasoline and diesel demand peak in 2026, 2027 or 2028, Vitol CEO Russell Hardy told the Energy Intelligence Forum 2021. But demand for jet fuel in the aviation sector may not peak until the 2040s, he added. “Jet fuel has a kind of substitute in sustainable aviation fuel. But clearly, there is a lot of investment needed to create production capacity for that fuel to even start to dent jet fuel demand,” Hardy says. Demand for oil from the plastics sector ma

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