Experts predicted decline in demand for oil in the next 10 years

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Demand for oil in the next ten years will inevitably be reduced due to developments renewables and falling of the prices of accumulators. Such conclusion was drawn by experts BNP Paribas SA. According to experts, electric cars in the future will force out from the market usual types transports that threatens with decline in demand for raw materials. Rough development solar and wind power stations will lead to that oil will be able to compete successfully with them only at the price in 11-12 dollars for barrel...

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BNP Paribas
Main activity:Finance