Mubasher: Exxon Mobile is expecting global demand on oil to fall 20% by the year 2040, in case the rising temperatures continued at the current pace.
Another study that is more accepted by producers has shown that demand on oil products will grow steadily, as reported by Bloomberg.
Calls for action to combat climate change continues, with rising fears of a rise in global temperatures by 2 degrees.
Source:
Mubasher