Tag: Ride Sharing Services

Global vehicle sales drop in coming years, oil demand rises: IHS Markit

Oil demand for non-transportation uses expected to rise A study by IHS Markit released on Tuesday says even though global vehicle sales are forecast to decline over the next twenty years, oil demand will rise to 115 million barrels per day (b/d) by 2040. IHS Markit says vehicle demand worldwide will decline as consumers use […]