Energy Majors Say Oil is Here to Stay

While several international energy organisations and leading sectoral experts expect the global oil demand to begin decreasing by the end of the decade, some oil majors expect oil demand to remain high for decades to come. ExxonMobil and Aramco are just some of the companies that have said they will continue pumping crude in anticipation of the continued high demand for fossil fuels into the next decade and beyond.  In its 2023 World Energy Outlook, the International Energy Agency (IEA) predicts that the global demand for oil and gas will…