Despite the push for green energy and the impact of the COVID-19 pandemic on commercial transportation, global oil demand is projected to grow through 2030, a new study revealed.

“As much as we all want to successfully deal with the challenge of climate change and as big as the impact COVID has had on oil demand, it is really hard to slow down global oil demand at least over the next 10 years,” said Mark Finley, fellow in energy and global oil at Rice University’s Baker Institute who is also one of the lead authors of the study.

Finley told Hart Energy that global oil demand in three of the four scenarios analyzed in the study continued to grow through 2030. Only one scenario bucked the trend, in which the pandemic’s disruptive impact to the global economy and mobility combined with strong government intervention to accelerate alternative technologies shows an oil demand decline after 2025.

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