Gasoline tanker trucks drive down a road near the Marathon Petroleum Corp in El Paso Texas. The refinery has a crude oil refinery capacity of approximately 131,000 barrels per calendar day. Photo: AFP
Will global climate crisis actually herald the ‘end of oil’?
  • There should be no new investment in fossil fuel projects if the world is to reach net-zero carbon emissions by 2050, IEA says
  • But amid talk of the end of hydrocarbons, oil demand is still expected to rise with rebounding crude prices giving producers the cash to pursue new projects
26 Dec 2021 - 1:58PM