Bloomberg Article - Forecast on Decline in Oil Demand

An intersting view on the oil demand which could be - depending on the point of view - positively/negatively impacted impacted from the following changes:

1. efficiency improvements, i.e. for engines
2. electrical cars, some oil companies like Shell plan hydrogen cars from natural gas
3. biofuels could replace oil

Some Companies mentioned: Peabody (coal), Statoil ASA (Norway), Exxon Mobil.


Link: https://www.bloomberg.com/graphics/2017-oil-projections/

On the Statoil ASA webpage I found some details about new energy solutions like offshore wind parks. Link: https://www.statoil.com/en/what-we-do/new-energy-solutions.html