Oil demand growth could fall below 1% by 2018

Oil demand growth could fall below 1% by 2018

November 15, 2016
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By hellenicshippingnews Impact investment firm Wermuth Asset Management (WAM), has said that regardless of whether oil prices rise around potential OPEC production-capping news, there is no long-term future for the hydrocarbon sector. Solar power is now available at $3 cent/kWh, which is equivalent to oil at $5/barrel. According to WAM research, continued investment in Oil and Gas … Read full story ›

Source:: Hellenic shipping news Oil