Will Peak Oil Ever Happen?

Published: Jul 18, 2024

Investor knowledge  10 minutes

  • The advent and growth of electric vehicles will ultimately have an impact on the demand for oil.
  • From an oil supply perspective, in the near to medium term, we feel there is a rather balanced market where the Organization of the Petroleum Exporting Countries (OPEC) has enough control to smooth fluctuations and keep oil prices range-bound.
  • The $70-$90 per barrel of oil is a sweet spot that is acceptable to both producers and consumers.
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