Oil Producers Risk Being Left Behind as Demand Plateaus

The oil era is coming to an end, and more than a dozen producer nations are underestimating its significance, according to a report by think-tank E3G.

The report warns that these countries are not adequately preparing for the consequences of declining demand, which is expected to plateau around the early 2030s.

Oil-producing countries are at risk of being caught off guard as global oil demand begins to decline, according to the think-tank. This could have far-reaching implications for their economies and energy policies.