FOSSIL FUELS WILL REIGN FOR DECADES, OPEC SAYS

OPEC says growth in global oil demand will lessen from an annual average of 1.3 million barrels a day between 2016 and 2020, to 300,000 barrels a day by 2035- 40. But it says fossil fuels will remain the main energy source decades from now. The organization’s annual World Oil Outlook says renewables are projected to record the fastest growth, but its share of energy supply is still likely to remain below 5.5% by 2040.