Macro Finance
Demand for Crude Oil May Have Peaked Last Year, FGE Says
Bloomberg Markets·October 12, 2026·1 min read
Demand for crude oil may have peaked in 2025, according to FGE NexantECA, partly because higher fuel needs are increasingly met by biofuels. This shift could signal a structural decline in oil consumption, impacting global energy markets and producers. The consultancy's assessment suggests that renewable alternatives are eroding traditional fuel demand faster than expected.
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