Predicting Peak Oil: Exploring the Evolution of Global Demand

Economists have been attempting to forecast the point of peak oil—the year when oil demand reaches its maximum level—since the 1970s. Despite increasing warnings regarding climate change, global demand has continued to rise over the last few years and could continue. In this graphic, Visual Capitalist partnered with Range ETFs to explore the global oil demand and determine which region will demand the most in 2045.    Projecting Global Oil Demand As per OPEC, Oil demand could be as much as 17% higher by 2045 than it was…