ShippingWatch

Opec does not expect biofuels to play a significant role in the coming 25 years

Opec does not think biofuels and electricity will have a decisive impact on bunker oil demand ahead to 2045. On the contrary, the association of oil producing countries predicts a bright future for natural gas.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

The new green alternatives to traditional bunker fuel have so many flaws that demand for bunker oil is unlikely to change significantly over the coming two decades, says Opec.

In a new report, the Organization of the Petroleum Exporting Countries presents its expectations for the oil market ahead to 2045.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs