Global Oil Demand to Decline After Peak in 2041 – IMF

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WASHINGTON (Sputnik) – Global oil demand will reach its peak in 2041 and then will decline gradually, the International Monetary Fund (IMF) said on Thursday.

The IMF expects demand-reducing effects such as improvements in energy efficiency, will play the leading role in this process.

Oil-exporting countries may face reshaping of their economies as these expectations materialise, the report said.

The IMF said these developments would pose additional fiscal challenges to the GCC states, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Sourse: sputniknews.com

Global Oil Demand to Decline After Peak in 2041 – IMF

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