•Prices rise as cartel, allies agree on 1.7mbpd output cutsThe organisation of the Petroleum Oil Exporting Countries (OPEC), said oil will continue to contribute the largest share in the energy mix with demand hitting 110.6 million barrel daily (mbd) by 2040. OPEC World Oil Outlook (WOO) released yesterday, also noted that total primary energy demand would expand by about 25 percent in the next 20 years.
“All forms of energies will be required in the future to help to meet expanding demand in a sustainable way, balancing the needs of people in relation to their social welfare, the economy
