Mon, Nov 29, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, Trends more

Oil demand growth could fall below 1% by 2018

Posted on 21 November 2016

Impact investment firm Wermuth Asset Management (WAM), has said that regardless of whether oil prices rise around potential Organisation of Petroleum Exporting Countries (Opec) production-capping news, there is no long-term future for the hydrocarbon sector. Solar power is now available at $3 cent/kWh, which is equivalent to oil at $5/barrel.
According to WAM research, continued investment in oil and gas exploration would only make sense if oil majors and oil producing countries were to develop new projects that could output at less than $5/barrel……………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
November 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930