21.11.2016 - Oil demand growth could fall below 1% by 2018
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
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