IEA Says Global Oil Demand to Hit Peak in 2030

The video discusses the impact of electric vehicles on global oil demand, highlighting the concept of peak oil and industry predictions. It examines Aramco's valuation in light of these trends and investor concerns. The video also forecasts future oil prices and the need for new production as reserves decline.

What is one of the main factors contributing to the concept of peak oil demand?

• Emergence of electric vehicles

• Increased use of coal

• Rise in natural gas consumption

• Decline in global population

How has the prediction for oil demand growth changed according to the latest report?

• It has doubled

• It has tripled

• It has been cut in half

• It remains the same

What is a significant factor affecting Aramco's valuation?

• Increase in coal prices

• Rise in global population

• Peak oil demand

• Decrease in natural gas reserves

What is expected to happen to crude oil prices by 2040?

• Decrease to $50

• Remain at $60

• Drop to $30

• Increase to $103

Why might oil producers benefit in the future despite falling demand?

• Lower production costs

• Higher oil prices

• Increased government subsidies

• Rising coal demand