World’s Top Oil Trader Sees Oil Demand Peak After 2030

Vitol: A slower pace of the energy transition will push peak oil demand beyond 2030.
Vitol CEO Hardy: Overall global demand for oil, natural gas, and coal is also set to peak later than expected as the energy transition is progressing slower than initially thought.
OPEC, which has a vested interest in continued oil demand growth for decades, sees robust demand even in the long term.

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Oil and gas profits triple under Joe Biden even as industry decries him

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Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a second term would be “disastrous” for the sector. 

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