Britain has given the go-ahead for one of its biggest new oil and gas projects in years, Equinor's North Sea Rosebank field, saying energy security was the priority despite opposition from environmentalists.
Who's consuming? China, the single biggest driver of increasing oil consumption for the past few decades, is predicted to hit peak oil this year and their oil demand is collapsing due to the massive market share of EVs in the Chinese market.
Who's consuming? China, the single biggest driver of increasing oil consumption for the past few decades, is predicted to hit peak oil this year and their oil demand is collapsing due to the massive market share of EVs in the Chinese market.