Shrinking Pie

Looming peak global oil demand raises the stakes for African producers

By David Whitehouse

Premium badge Reserved for subscribers

Posted on August 17, 2023 04:00

 © The Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja
The Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja

Can they compete in terms of ease of doing business, political and economic stability and absence of corruption?

Peak global oil demand is likely to arrive faster than previously expected, according to a batch of recent research estimates. That raises the stakes for new and prospective African producers who may face a long downhill pattern of demand.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime