Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 2 days · First seen 15 days ago · Last updated 13 days ago

Economic impact of energy transition on oil producers

Overview

A report by the think tank E3G, titled ‘Oil Endgame’, has raised concerns regarding the economic stability of hydrocarbon-dependent nations. The research warns that the global transition away from oil could trigger significant revenue losses, economic upheaval, and potential conflict. Specifically, the report suggests Algeria could see oil revenue declines as high as 87%, while Nigeria could lose more than 60%.

These projections have sparked debate among experts. While some analysts warn that countries like Algeria, Angola, and Nigeria may struggle to maintain social stability, other major institutions offer differing forecasts for global oil demand. OPEC predicts demand will reach 113.3 million barrels per day by 2030, and the International Energy Agency (IEA) provides a moderate estimate of approximately 105.5 million barrels per day for the same period.

Entities

Sonatrach · OPEC

Timeline

13 days ago

[BUSINESS] 2 sources
Algeria energy future debated following E3G oil report
Debate surrounds an E3G report predicting a decline in oil demand, with critics noting that OPEC and IEA projections offer significantly different outlooks for hydrocarbon-dependent nations like Algeria.
15 days ago

[INTERNATIONAL] 3 sources
Energy transition threatens major revenue losses for Algeria and Nigeria
Research from E3G warns that declining global oil demand could cause economic collapse, conflict, and migration in heavily dependent nations like Algeria and Nigeria.

Sources

africa.businessinsider.com · nationalheraldindia.com · theguardian.com · tsa-algerie.com · valeursactuelles.com