Countries typically need the most oil during periods of economic growth or during peak demand seasons, such as summer for travel or winter for heating. Additionally, geopolitical tensions or natural disasters can also lead to increased oil demand. Historically, the 1970s oil crises highlighted how external factors can drastically affect oil needs, while recent years have seen fluctuating demands due to shifts toward renewable energy and electric vehicles. Overall, demand peaks are influenced by a combination of economic activities, seasonal changes, and global events.
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