How falling oil demand is set to transform international relations

Aug 20, 2019

The oil demand has played a central role in geopolitics for 120 years Image: REUTERS

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The rise and fall of oil demand has been linked to several geopolitical inferences over time Image: https://www.chathamhouse.org/publication/geopolitical-implications-future-oil-demand

International Energy Agency estimates of oil demand and consumption by sector

With the energy mix tilting towards renewables, the oil demand is fast declining

The oil demand and trade generally fluctuates with political stability across countries

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