Oil demand threatened by big shift to green policies
Green energy policies in the US and China could spell the end of growth in global oil demand, countering a widely held belief that the value of oil will only rise in the future, a US think tank says.
The new policies under consideration in the world’s biggest oil-consuming countries leave the UAE and other Gulf exporters in a difficult position as they weigh investments of billions of dollars in new oilfields and export terminals.
