OPEC boosts long-term oil demand outlook
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.
OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead
OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch defender of the idea that oil and gas will remain crucial to global energy. For market participants,
OPEC boosts long-term oil demand outlook, driven by developing world growth
By Alex Lawler and Fabio Teixeira LONDON/RIO DE JANEIRO (Reuters) -OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
OPEC and IEA Oil Demand Views Are A World Apart
The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views on medium and long-term global oil demand and how the world should approach the energy transition.
OPEC sees oil demand continuing to rise until 2050 – Commerzbank
OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.
Russia sides with Opec in seeing no peak-oil ahead, but still focuses on gas
Kremlin resolves to display public solidarity with Opec and its leader Saudi Arabia that has largely overlooked overproduction from Russia
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.
Peak oil demand not on the horizon, OPEC says in outlook to 2050
Oil futures rose on Tuesday as China stimulus measures and Middle East tensions boosted sentiment. "There is no peak oil demand on the horizon," OPEC said. Read more.
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
OPEC Bullish On Long-term Oil Demand, Oil Up On Geopolitics | The Gold Record Run | Global News
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