OPEC, World Oil Outlook
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 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 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.
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 rolls out global oil outlook to 2050, sees no peak demand
By Alex Lawler LONDON (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.
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.
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.
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 boosts long-term oil demand outlook, driven by developing world growth
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 Sticks to Outlier View on Oil Demand Growing Through 2050
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.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesUnlocking the Hidden Power of Zoning,
Peak Oil Demand Isn’t on the Horizon, OPEC Says
The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year.
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Oil prices drop 5% on rising OPEC supply, weak China demand
Oil prices dropped 5% this week due to rising OPEC supply and weak demand from China. Natural gas prices rose on Hurricane ...
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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 ...
Weak Demand And Strong Non-OPEC Supply Put Cartel On Defensive
The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to ...
OPEC looking forward to working with Brazil, secretary general says
OPEC Secretary General Haitham Al Ghais is looking forward to working with Brazil's Energy Minister Alexandre Silveira in the ...
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3 Oil & Gas Stocks With High Upside Potential
Owing to robust global demand, continuous OPEC supply cuts, and advancing economic growth, the oil and gas market is ...
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OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar
Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost ...
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...