Canada Predicts Oil Peak

This is a Canada news story, published by calgaryherald, that relates primarily to Jonathan Wilkinson news.

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oil demand

calgaryherald

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Varcoe: 'Love it or hate it', oil demand still growing despite federal claims

Summary

Nutrition label

69% Informative

Oil and gas demand for both oil and gas will peak this decade , says Canada ’s Natural Resources Minister Jonathan Wilkinson .

International Energy Agency says global oil demand is decelerating from 2023 levels due to a slowing economy in China .

OPEC long-term outlook released this year by OPEC is projecting consumption will rise to about 120 million bpd by 2050 .

The energy minister of Alberta says demand demand will probably peak this year .

He questions the signal it sends when the energy minister says demand will peak.

"If that’s what the government believes, that tells me how they are thinking about economic opportunities, the risk of trade-offs and where to put policy," he says.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful