Transitioning oil market lays bare forecasters’ divergent assumptions
Oil demand forecasting in the energy transition age is perhaps like an abstract art form. There might even be an equally persuasive case that it is, and always was, an inexact science. The ‘scientists’ would have you believe there are established rules and proven methods deployed in arriving at a particular conclusion on how much black gold the world craves in any given calendar year and beyond. For the ‘artists’, demand forecasting may involve some indeterminate creativity and the odd guestimate.
Apr 25, 2024
