World oil demand expected to hit record in 2023, accelerating global energy transition

The reduction in the availability of oil and the increase in its need in some sectors due to geopolitical factors, such as the war in Ukraine and the resumption of the rhythm of the post-pandemic productive markets, are foreseen aspects that have affected the entire world in terms of demand and barrel values oil.

The IEA, on the other hand, also predicts an important factor in reducing this demand in the transport sector with the large increase in electric vehicles around the world.

They also consider for the first time, in their last report, the question of the world energy transition through the tendency of studies and projects of alternative solutions to fossil fuels.

“We are going to redouble our bet on renewables”, said Ursula Van der Leyden, president of the European Commission, the executive body of the European Union. “This will increase Europe’s strategic energy independence.” Not to mention the greatest and most powerful enemy of humanity, Global Warming, which is also being the focus of this race for an urgent energy transition.

Statements like this and the worldwide focus on renewable fuels combined with the production of clean energy such as Green Hydrogen, which is one of the world’s biggest bets and Brazil should emerge in this market as the world’s largest supplier in the coming decades.

#AIE #Petroleum #renewablefuel #energy #cleanenergy #greenhydrogen #energy transition #wmfenergy #wmfgreen #wmf

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References:
https://www.capitalreset.com/demanda-global-por-petroleo-deve-atingir-recorde-em-2023-preve-aie/
https://www.capitalreset.com/demanda-global-por-petroleo-deve-atingir-recorde-em-2023-preve-aie/#:~:text=Mundo%20precisa%20parar%20de%20furar%20po%C3%A7os%20de%20petr%C3%B3leo%20j%C3%A1.%20Quem%20diz%20%C3%A9%20a%20AIE
https://www.capitalreset.com/demanda-global-por-petroleo-deve-atingir-recorde-em-2023-preve-aie/#:~:text=ESPECIAL%3A%20Como%20a%20guerra%20na%20Ucr%C3%A2nia%20afeta%20a%20transi%C3%A7%C3%A3o%20energ%C3%A9tica