Experts warn of oil phase-out risks

The global shift away from oil threatens economic stability and security in heavily reliant countries such as Nigeria, Algeria, Iran, and Angola, which depend on oil revenues for public services. Experts warn that declining demand and falling revenues—projected to drop significantly by 2030—could lead to increased conflict, migration, and social instability. Addressing these risks requires coordinated efforts from international organizations, governments, and the private sector to manage the transition and prevent destabilization.

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