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World Oil Outlook. 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.
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Oct 31, 2022 · The 2022 OPEC World Oil Outlook (WOO) was today launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). First published in 2007, the WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy industries to 2045.
Oct 31, 2022 · OPEC's World Oil Outlook to be launched at ADIPEC on 31 October 2022. 14 Oct 2022 | The 2022 OPEC World Oil Outlook (WOO) will be launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE).
The Outlook sees the need for an expansion in all energy sources, with the exception of coal. For oil alone, we see demand reaching over 120 million barrels a day by 2050, with the potential for it to be higher. There is no peak oil demand on the horizon.
Oct 31, 2022 · ABU DHABI, Oct 31 (Reuters) - OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is...
Global oil demand is set to reach a level of 110.2 million barrels a day (mb/d) in2028, representing an increase of 10.6 mb/d compared to 2022. Non-OECD oil demand is expected to increase by a robust 10.1 mb/d, reaching a level of 63.7mb/d by 2028.
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Global interregional crude oil and condensate trade are expected to increase from 36.5 mb/d in 2023 to 41.2 mb/d by 2030 on the back of strong oil demand growth. After 2030, trade is expected to continue to increase further, reaching levels around 46.2 mb/d by 2050.