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ksymph 12 hours ago

That article cites the iea one. Both lead back to this chart [0] which shows total oil demand is still rising.

Demand for "gasoil gasoline and jet/kero" has fallen, but it is offset by still-growing demand for "petrochemical feedstocks". The former is used for fuel, while the latter used for plastics.

[0] https://www.iea.org/data-and-statistics/charts/components-of...