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- The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to impact the petroleum industry in the years ahead.
www.opec.org/opec_web/en/press_room/6147.htm
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Foreword. For OPEC, it is a great honour to launch the World Oil Outlook (WOO) 2024 in Brazil. The country’s comprehensive and inclusive approach to energy issues has been on display through its G20 presidency in 2024, and will no doubt be central to its hosting of COP30 in 2025. This stance is fully in line with OPEC’s development of its ...
- World Oil Outlook - OPEC
OPEC’s World Oil Outlook (WOO) is part of the Organization’s...
- World Oil Outlook 2045 - OPEC
After declining sharply in 2020, in the medium-term,...
- World Oil Outlook - OPEC
OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.
After declining sharply in 2020, in the medium-term, non-OPEC supply is expected to mostly recover from the pandemic-related shut-ins seen this year. However, only a handful of non-OPEC producers will see growth beyond the late 2020s, meaning by 2045, supply will return to levels seen in 2019.
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Oct 8, 2020 · The WOO for the first time extends its outlook to 2045, providing an additional five-year window to examine developments in energy and oil demand, oil supply and refining, the global economy, policy and technology developments, demographic trends, environmental issues and sustainable development.
The Outlook discusses critical issues, challenges and opportunities that the global energy industry, in general, and the oil industry, in particular, could face in the coming decades, touching on such factors as energy policy and climate negotiations, investment and the role of new technologies.
Global oil demand in this scenario stabilizes at a level above 100 mb/d in the period to around 2040, before moderately slowing to 96 mb/d over the last ten years of the outlook period. This represents a demand difference of 24 mb/d compared to the Reference Case in 2050.
Sep 28, 2021 · Oil will satisfy 28.1% of the world's energy demand by 2045, down from 30% in 2020 -- but ahead of natural gas with 24.4% and coal with 17.4%. Hydroelectric, nuclear and biomass energy...
