Opec predicts massive rise in oil production over next five years
by Adam Vaughan from 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.
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