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CommodityOilPrice.com

TotalEnergies Now Sees Oil Demand Peaking Between 2035 and 2040

A year after forecasting that oil demand would keep rising until 2040, TotalEnergies has moved its peak forward to between 2035 and 2040, and says the Iran war could accelerate the energy transition. The company’s annual energy outlook, released on Monday, projects demand for petroleum products plateauing through the 2030s before a slow decline. Chief sustainability officer Aurélien Hamelle told…

CommodityOilPrice.com

Central Asia’s Power Grid Faces a Major Test as Winter Approaches

Concern is rising in Central Asia about the region’s ability to generate sufficient heat and electricity during the upcoming winter season. Worries are perhaps greatest at present in Kyrgyzstan, where demand has surged in recent weeks due to the early onset of cold weather. An October 29 report published by the 24.kg news agency highlighted that Central Asia’s power grid is fragile, at risk of…

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