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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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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
World Oil Outlook Archive OPEC’s World Oil Outlook (WOO) is...
- 60th Anniversary
The OPEC Secretariat noted that the eight OPEC+ countries...
- The OPEC Fund
The OPEC Fund Its 12 Member Countries are: Algeria, Ecuador,...
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2022. 2021. 2020. Account ... 2024 World Oil Outlook 2050 ... OPEC World Oil Outlook. Links. OPEC Website. OPEC Digital Publications Overview. Monthly Oil Market Report.
World Oil Outlook Archive 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.
OPEC total liquids supply. OPEC’s market share to grow after non-OPEC supply peaks. Long-term non-OPEC liquids supply outlook • Non-OPEC supply peaks at just over 72 mb/d around 2030, before declining again to 67.5 mb/d in 2045 • As a result, OPEC liquids will grow steadily from 2030, to 42.4 mb/d in 2045, increasing market share from
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.
World Oil Demand World oil demand growth in 2022 remains unchanged from the previous month’s assessment at 3.4 mb/d. Oil demand in the OECD is estimated to increase by 1.8 mb/d, while non-OECD is seen growing by 1.6 mb/d. Total oil demand is projected to average 100.3 mb/d. The first quarter of this year was revised higher, amid
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Oil demand shows strong medium-term growth; long-term oil demand rises to 116 mb/d by 2045. 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.