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OPEC projects continued oil demand growth. Other energy groups disagree.
Demand will continue to grow in developing economies, according to the oil cartel. Many groups, including the International Energy Agency, predict that the world’s peak oil production is close, and global oil demand will drop starting in the next decade as more renewables come online.
'No peak oil demand': OPEC raises its 2050 global oil demand projection by 19% to 123 million barrels per day
In its World Oil Outlook 2050 report published Thursday, the Organization of the Petroleum Exporting Countriues left its forecasts for 2025 global oil demand growth unchanged at 105 million barrels per day.
OPEC, together with its allies, is increasing oil production and anticipates "very strong" demand in the third quarter, with ...
The National Interest on MSN20m
OPEC Will Soon be Old Enough to RetireThe oil cartel OPEC will soon be old enough to retire, but will oil be phased out as the world embraces the green revolution?
Oil demand forecasts diverge as OPEC boosts supply, IEA turns bearish, and EIA warns of surpluses. Explore the full crude oil ...
The Oil-price outlet is reporting that OPEC has refused accreditation for Reuters, Bloomberg, the New York Times, the ...
Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S.
Africa is and will be the largest supplier of oil to Europe until 2035, if the market of the countries The EU will not return ...
OPEC ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week.
The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising ...
The Punch on MSN14h
OPEC warns of $14.9tn investment gap in upstream sectorThe Organisation of the Petroleum Exporting Countries has called for urgent and sustained investment in the global upstream ...
Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...
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