Opec Record High News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Has not moved. in 1980, 801% of global energy demand was fossilfuels and in of global energy demand was fossil fuels and in 2020 that percentage remained exactly the same. so yes there is a lot of momentum and policies on the supply side, mostly, to move us away from fossilfuel supply side, mostly, to move us away from fossil fuel towards renewables but demand is not shifting fast enough and that is the challenge where companies are not investing in oil and one of the big reasons we call for $100 oil is this exact lack of investment. but, ruickl , exact lack of investment. but, quickly, should...

Able to do that due to lack of investment. so it is not as if they have not a lot of extra oil. they have a plan and they will stick to it and the biggest challenge is the spare capacity bottleneck that 0pec has is not very much. capacity bottleneck that opec has is not very much.- capacity bottleneck that opec has is not very much. great to talk to you — has is not very much. great to talk to you and _ has is not very much. great to talk to you and thank - has is not very much. great to talk to you and thank you - has is not very much. great to talk to you and thank you for. talk to you and...

Travel a lot more now, even with high prices and higher airfare and petrol prices. so there is an income effect that we are seeing and, to your point there is a lot of demand to be had at a time when inventory globally is at a record high. spare capacity, opec record high. spare capacity, 0pec does not have much so a mixture of these factors means that there is a lot of upside to oil prices.— to oil prices. there is a lot of short-term _ to oil prices. there is a lot of short-term upside - to oil prices. there is a lot of short-term upside and l to oil prices. there is a lot i of short-term ...