Reported about 1 month ago
According to a report from the International Energy Agency (IEA), if net-zero emissions goals are achieved, oil prices could drop to $25 per barrel by 2050. The report indicates that clean energy will meet much of the growing electricity demand, causing traditional fossil fuel demand to peak before 2030. With the rise of electric vehicles leading to a significant decrease in oil demand, the IEA highlights that natural gas surpluses may also affect the transition to greener energy.
Source: YAHOO