Oil in decline – energy minister ...News

Crude will not be around forever despite high global demand, the UAE’s energy minister warned Oil will not be here forever and is already in “decline mode,” Suhail Al-Mazrouei, the energy minister of the United Arab Emirates, a major crude exporter, has said. Speaking at the ADIPEC energy conference in Abu Dhabi on Thursday, Al-Mazrouei warned against “wishful thinking” of assuming that oil “is going to be there forever.” “No matter how much we defend it, it’s in decline mode,” the official added. The remark comes as OPEC released its ‘World Oil Outlook’ earlier this week, which forecasts global oil demand continu

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