PETALING JAYA: Peak oil demand could arrive as soon as 2030, driven by strong adoption of electric vehicles and the shift towards renewable energy as the preferred fuel source, according to the US Energy Information Administration (EIA) and International Energy Agency (IEA).
In a report, AmInvestment Bank Research (AmInvestment Research) said debate over peak oil demand is set to intensify following the release of January oil market reports by the two agencies.
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