If fuel prices will come down (I think they will not) it would be to demand destruction. Electrification is negligible and will have no impact on diesel and bunker fuel demand, which is already scarce due to overabundance of light crude from fracking. Decrease in production is certainly expected in the near to mid-future.
If fuel prices will come down (I think they will not) it would be to demand destruction. Electrification is negligible and will have no impact on diesel and bunker fuel demand, which is already scarce due to overabundance of light crude from fracking. Decrease in production is certainly expected in the near to mid-future.