The energy sector is undergoing a radical transformation as global oil demand approaches a historic inflection point. While previous concerns focused on dwindling supplies, the narrative has now shifted toward diminishing consumption. This transition—commonly referred to as peak demand—signals a profound change for the fossil fuel industry. As clean energy technologies grow more...

The idea of peak oil has been a topic of discussion for decades, with varying predictions about when the world will reach the point where oil demand begins to decline permanently. As global energy consumption shifts towards renewable sources, the concept of "peak demand" for fossil fuels is gaining increasing relevance. "Peak demand" refers to the point at which the demand for fossil fuels,...