Climate-focused production shift to pile pressure on Opec

Members of the Opec and the so-called Opec group together face the threat of a focus by the United States and China on tackling carbon emissions and plans for greater use of renewables.(File pic: Opec logo at its headquarters)

MOVES to mitigate climate change are drawing peak oil demand closer, current and former Opec officials told Reuters, potentially giving Organisation of the Petroleum Exporting Countries’ (Opec) biggest players and their allies more power and leaving some smaller producers struggling.

Members of the Opec and the so-called Opec+ group together face the threat of a focus by the United States and China on tackling carbon emissions and plans for greater use of renewables.