Highlights Minister’s remarks come in response to IEA’s net-zero scenario IEA’s call to end oil and gas investments ‘extremely dangerous’ Oil and gas demand will last decades, UAE minister says Global oil prices could soar to $200/b if no new investments are made in the oil and gas sector in the short-term, Oman’s energy and minerals minister said Sept. 9, in reply to the International Energy Agency’s assessment for reaching net-zero emissions by 2050. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The IEA said in a May 18 report that, under an energy scenario needed to put the world on a path to net-zero emissions by 2050, there should be no new oil and gas developments and that global oil demand would collapse by 75%. “Recommending that we should no longer invest in new oil…. I think that’s extremely dangerous,” Mohammed al-Rumhy […]