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11 hours ago · The term "peak oil" used to mean the point when global production would top out, before entirely running out. But as the world begins a shift to renewables, will the end of oil production come ...
Sep 24, 2024 · 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. Investment in the oil sector needs to reach an estimated $17.4 ...
- Giulia Petroni
Sep 24, 2024 · In its latest World Oil Outlook (WOO) 2024 OPEC makes it clear: peak oil demand is not on the horizon and to stress this point, it is forecasting that global oil demand will exceed 120 million ...
- Julianne Geiger
Oct 24, 2023 · Some examples: in the 1980s, when oil markets were weakening and demand for OPEC oil dropping by 3 mb/d per year, a historically large amount, typical price forecasts saw weakness—but only for a ...
Sep 24, 2024 · 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.
- Carl Surran
Sep 24, 2024 · Opec: ‘There is no peak oil demand on the horizon’ Opec was not shy in rejecting other forecasts that have suggested peak oil demand could happen in this decade.
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Mar 20, 2024 · The trajectory of oil demand and timing of an eventual "peak" are under considerable scrutiny and polarize opinions in the energy market. So what is on the horizon?