Article 3ZC97 Opec predicts massive rise in oil production over next five years

Opec predicts massive rise in oil production over next five years

by
Adam Vaughan
from Environment | The Guardian on (#3ZC97)

Increasing demand from airlines will more than offset reductions from electric cars

World oil production will soar to new records over the next five years, as a dramatic expansion in demand from airlines offsets the arrival of electric cars, according to a report from Opec.

In a forecast that will dismay environmentalists - and which questions the theory that oil company reserves will become "stranded assets" - Opec's annual report significantly revised production estimates upwards.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments