Crude producers face murky demand outlook

Dawn | Nov 10, 2019 at 6:56 AM
  • The medium- to long-term outlook is also not rosy, the World Oil Outlook (WOO) 2019, released last week by the Oragnisation of the Petroleum Exporting Countries (Opec) concedes.
  • He emphasised, “oil and gas are still forecast to meet more than 50pc of the world’s energy needs” in 2040.
  • Electric cars, while still a very small share of the global fleet, are “gaining momentum”, Opec admitted.