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  1. 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.

    • 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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      The official logo and/or name of the Organization of the...

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  2. 2022. 2021. 2020. Account ... 2024 World Oil Outlook 2050 ... OPEC World Oil Outlook. Links. OPEC Website. OPEC Digital Publications Overview. Monthly Oil Market Report.

  3. 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.

  4. 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

  5. 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.

  6. 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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  8. 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.

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