Oil prices in a 1.5-degree world Report

Insight 15 September 2022

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Report summary

In this report, we present the implications of our Accelerated energy transition 1.5-degree scenario on the global oil industry. The scenario examines a path forward to reach global net zero emissions by 2050. Global warming is limited to 1.5 °C in line with the most ambitious goal of the Paris Agreement. Our analysis focuses on: • The role of oil in this net zero world • Investment opportunities • The impact on the global refining industry • What happens to oil and refined product prices