Search results
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. It is also a channel to encourage dialogue, cooperation and transparency between OPEC ...
- Reports
The report provides a detailed analysis of key developments...
- OPEC Oil Reserves
Source: OPEC Annual Statistical Bulletin 2024. According to...
- Who Gets What From Imported Oil
Oil is always big news. Every increase in its price is...
- World Oil Outlook Archive
OPEC’s World Oil Outlook (WOO) is part of the Organization’s...
- 60th Anniversary
The OPEC Secretariat noted that the eight OPEC+ countries...
- The OPEC Fund
The OPEC Fund Its 12 Member Countries are: Algeria, Ecuador,...
- Warning
The official logo and/or name of the Organization of the...
- Feedback
10. If we can contact you for future surveys, please enter...
- Reports
2022. 2021. 2020. Account ... 2024 World Oil Outlook 2050 ... OPEC World Oil Outlook. Links. OPEC Website. OPEC Digital Publications Overview. Monthly Oil Market Report.
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. It is also a channel to encourage dialogue, cooperation and transparency between OPEC ...
Monthly Oil Market Report 2022. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market ...
Annual upstream investment requirements. Global oil-related investment requirements total $12.1 trillion (in 2022 US dollars) over the long-term, of which $9.5 tn is needed for the upstream, $1.6 tn for the downstream, and $1 trillion in the midstream. North America represents the bulk of upstream investments for most of the forecast period.
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. OECD demand will also increase by 0.5 mb/d over the medium-term.
People also ask
What is OPEC’s forecast for oil demand in 2022?
What is OPEC's World Oil Outlook?
What is the OPEC Monthly oil market report?
Does OPEC still produce oil in 2022?
What was the OPEC crude output in August 2022?
How much OPEC output will the world need in 2022?
The outlook is underscored by a robust increase in the world’s population, with projections indicating a rise to 9.7 billion by 2050 from a level of just over eight billion today. This growth is predominantly driven by a substantial demographic surge in non-OECD regions. Urbanization trends are set to intensify, with an estimated two- thirds ...
