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 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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