All content in this website is sourced legitimately

Page No: 1
Piyush Goyal's threat-IV: Point, Counter-Point
May 02: There are always a counter point to the narrative that the future of the oil and gas industry is cloudy.
8OPEC for example believes that fossil fuels will continue to play a leading role in global energy supply in the future. This fact makes what the OPEC and non-
8OPEC producers are attempting to do in the market
8Investments in new and existing capacity will amount to some $10 trillion up to 2040 to satisfy burgeoning demand, according to OPEC calculations.
8Two oil industry associations, OPEC and the IEA, do not see an oil demand peak for the foreseeable future.
8Demand remained robust, said the Secretary General of OPEC. He highlighted figures in OPEC’s World Oil Outlook 2016, which sees world oil demand increasing by around 17 million barrels/day between 2015 and 2040, with oil-related investment at $ 10 trillion.
8Saudi Arabia’s oil minister Khalid Al-Falih said in a keynote address recently, that their remains an “insatiable thirst for oil ... demand for petroleum imports will continue to grow steadily in the developing world.”
8Clearly the bottle is half full or half empty depending upon which view point you are canvassing.
Click on Reports for more


Back  |  Top