Al Gaaod: Less Bullish but Agree With OPEC Outlook
The International Energy Agency has reinstated a scenario in which global consumption keeps growing to the middle of the century. While oil demand was set to plateau or fall this...
By Bloomberg Markets · Bloomberg Markets
The International Energy Agency has reinstated a scenario in which global consumption keeps growing to the middle of the century. While oil demand was set to plateau or fall this decade in the IEA's report last year, the agency now sees a scenario in which consumption rises 13% by 2050, driven by a slower pace of electric vehicle adoption. Hamzeh Al Gaaod, MENA Analyst at TS Lombard spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East and Africa. (Source: Bloomberg)