OPEC boosts long-term oil demand outlook
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's Forecast of Peak Oil Demand: A Long Horizon Ahead
For investors, OPEC's long-term view suggests that oil-focused stocks will remain attractive, particularly in the context of rising demand from emerging markets and steady upstream investments. OPEC’s forecast of sustained demand creates a compelling case for those investing in upstream oil projects and energy firms.
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.
No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC
OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change."What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact,
Opec sees world oil demand soaring through 2050, countering peak-oil predictions
Opec secretary general Haitham Al Ghais and his Opec research team unveiled the group's latest annual World Oil Outlook at the ROG.e 2024 event in Rio de Janeiro
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.
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 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,
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 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.
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”.
Upstream2d
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 ...
Midland Reporter-Telegram1d
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 ...
Crude Oil Prices4d
OPEC Says Phasing Out Oil Is Just A Fantasy
According to OPEC, oil demand will remain robust for decades, with growing demand in non-OECD regions and the continued need ...
OPEC Secretary-General’s Speech in Brazil Disrupted by Protester
Ghais’s speech in Brazil got off to a rough start after the power went out to the podium and a protester took to the stage.
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output ...
stocknews1d
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 ...
Bloomberg L.P.5d
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. World oil consumption ...
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 ...