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المشهد العربي
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المشهد العربي

2026-11-08T20:04:49.000Z

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Oil demand peaks in 2032

Oil demand peaks in 2032

Wood Mackenzie expects global demand for refined oil products to peak at 108 million barrels per day in 2032, up from around 105 million in 2025, before gradually declining. This shift could put about 20% of global refining capacity at risk of closure or shutdown, with the impact varying according to each refinery’s location, technological sophistication, integration with petrochemicals and export capacity.

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