Nigeria: Oil Remains Relevant, Demand to Rise By 35 Percent - Opec

8 November 2017

Despite the threat posed by electric vehicles (EV) and targets set by countries to halt petrol-fueled cars, oil will still remain a fuel of choice at least for the foreseeable future, the Organisation of Petroleum Exporting Countries (OPEC) said yesterday.

OPEC which appears unperturbed by the revolution in the renewable energy space, said oil is expected to remain the fuel with the largest share in the energy mix till the 2040 forecast period.

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