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McKinsey projects a 2029 oil demand peak, accelerated by Covid-19

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hemanthaa@mail.com

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Over the long-term, the impacts of behavioral shifts due to COVID-19 are minor compared to “known” long-term shifts such as decreasing car ownership, growing fuel efficiencies and a trend towards electric vehicles, whose impact is estimated to be three-to-nine times higher than the pandemic’s by 2050.

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