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According to the IMF (International Monetary Fund), Global Oil Demand May Reach Its Peak Within 20 Years or Less
Last Thursday, the International Monetary Fund stated that oil demand worldwide may peak within 20 years or less, in the event of regulatory introductions and environmental protection pushes, representing a significant concern and challenge for oil-exporting countries belonging to the Gulf Cooperation Council (GCC). 754 vacancies – the announcement for the Itaguaí City Hall competition in Rio de Janeiro has been released
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According to the council, oil-exporting countries may see their financial wealth from oil decrease drastically over the next 15 years, due to low hydrocarbon revenues, if fiscal reforms do not occur.
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Furthermore, according to the Council, “After making a living selling fossil fuels, they now need to prepare for a post-oil future”.
According to the fund, “All GCC countries recognize the enduring nature of their challenges. However, the expected speed and magnitude of these consolidations in most countries may not be sufficient to stabilize their wealth”.
According to Valor, around 3 PM yesterday (06), the WTI contract for March was trading at US$ 50.85, up 0.20%. The April Brent contract was at US$ 54.87, down 0.74%. Pressured by fears of a decline in Chinese demand due to the coronavirus outbreak, commodity benchmarks saw prices retreat 20% from the recent peak on January 6.
