Opec prepares for an age of dwindling demand

The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in Opec. Opec’s former research head, Qabazard, said the group might have a little more time to adjust before demand peaked. But he said the deadline for Opec to adapt was approaching with maximum 110 million barrels per day by the 2040s, he said.