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TotalEnergies sees sharp fall in demand for oil between 2030-2050

PARIS, Sept 27 (Reuters) – French company TotalEnergies said on Monday that it expected a sharp drop in demand for oil between 2030-2050, as other forms of energy supply become more popular, such as solar and wind power.

“Oil demand plateaus before 2030, with a strong decline thereafter, reaching 64 MB/d in ‘Momentum’ and 40 MB/d in ‘Rupture’ in 2050,” the company said in a presentation. (Reporting by Benjamin Mallet; Editing by Sudip Kar-Gupta)

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