The Minister of State for Petroleum Resources, Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be an income resource in 10 years’ time. Mr. Kachikwu said this in Abuja on Thursday while answering questions on “His Outlook for the Commodity in 2018.” According to him, 2018 looks like a better year for crude in terms of pricing but countries are focusing on alternative energy. He said, “Everything all added up together is showing us that towards the last quarter of 2018 we expect a better market. Does that better market translate to your 100 dollars price (per barrel)? “Never! I don’t see it, frankly I don’t see it. It’s going to take a major calamity. Largely because on the back of all these, countries are racing away from oil. “If Europe is saying in five years time, ‘we are going to exit […]