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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 Oil-price outlet is reporting that OPEC has refused accreditation for Reuters, Bloomberg, the New York Times, the ...
OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...
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 ...
NNPC plans to push for a 25% increase in Nigeria’s oil output quota by 2027, citing refinery growth and improved production.
Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...
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 ...
Oil demand forecasts diverge as OPEC boosts supply, IEA turns bearish, and EIA warns of surpluses. Explore the full crude oil ...
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