The bombshell suggestion of the International Energy Agency (IEA) that the world doesn’t need any new oil and gas investments ever if it is to reach net-zero emissions could further raise the volatility in oil markets if investors heed the call, according to an internal OPEC report seen by Reuters . Earlier this week, the IEA published a Net Zero by 2050 report, in which it said that the road to limiting global warming to 1.5 degrees Celsius involves a rapid and radical shift away from fossil fuels. According to the Paris-based agency, created to safeguard the stability and security of energy supply in the wake of the Arab oil embargo of 1973, the world will not need new oil and gas projects beyond those sanctioned as of this year. But in the pathway to net-zero emissions, in a scenario in which oil demand is plunging, supplies will become […]