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.
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.
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