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Oil Prices Must Drop Sharply To Compete With EVs

  • Foto do escritor: Pieter B.J. Ijzerman
    Pieter B.J. Ijzerman
  • 11 de set. de 2019
  • 1 min de leitura

All major stakeholders in the oil industry need oil prices to be higher than the current $60 a barrel Brent Crude to turn profits or balance government budgets.


Yet, in the long term, oil prices at $60 wouldn’t be competitive in the transportation sector because they won’t be able to compete with electric vehicles (EVs), BNP Paribas Asset Management said in a research note last month. Read the full article here.

 
 
 

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