Around the world, the era of industrial energy for clean technology production is beginning.
Around the world, the era of industrial energy for clean technology production is beginning.
oil consumption, but now the Chinese economy is slowing down, which will reduce the need for oil. He predicts that global oil demand will peak by 2030 and begin to decline.
Risks to the oil industryBirol also said that big deals and investments in the oil industry must be risk-assessed.
Birol also said that big deals and investments in the oil industry must be risk-assessed.
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He said some companies may see the deals as a sign of confidence in the future of the oil industry, while other companies may be selling assets to get out of oil. However, if electrification of transportation and China's economic slowdown continues, energy demand for oil will not be as significant, and therefore there will be no need for significant''increase production.'.
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