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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.
Oil demand forecasts diverge as OPEC boosts supply, IEA turns bearish, and EIA warns of surpluses. Explore the full crude oil ...
Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S.
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...
Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...
OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...
OPEC ministers, top energy firm CEOs and oil and gas analysts and traders gathered for the OPEC Seminar in Vienna this week.
OPEC has excluded five of the world’s leading news organizations from covering its biennial oil seminar in Vienna, attended ...
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...
The Punch on MSN5h
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 ...
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