Rystad: Significance of Danish oil stop is hard to spot

Oil analyst Jarand Rystad is skeptical of the claim that Denmark's oil and gas moratorium from 2050, fully ratified in parliament Thursday, serves as inspiration for other countries, he tells EnergyWatch.

Jarand Rystad (th.), her i interview med konferencier Nynne Bjerre Christensen under Dansk Offshores konference onsdag, tror, at oliemarkedet vil reguleres helt af sig selv - også uden produktion fra Danmark. | Photo: Mathias Julius Falkengaard

The symbolic value of the move will likely have a negligible effect on something as global as the oil market, says world-famous oil analyst Jarand Rystad, who founded the Norwegian analysis firm carrying his last name.

The claim that Denmark's policy agreement to phase out fossil energy extraction will inspire other nations to do the same has otherwise been consistently used in arguments made by Danish Minister of Climate, Energy and Utilities Dan Jørgensen about the country's decision.

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