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  1. 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...

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      The OPEC Fund Its 12 Member Countries are: Algeria, Ecuador,...

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  2. Oct 31, 2022 · Oil is expected to retain the largest share in the energy mix throughout the outlook period, accounting for almost a 29% share in 2045. Other Renewables – combining mainly solar, wind and geothermal energy – expand by 7.1% p.a. on average, significantly faster than any other source of energy.

  3. Oct 31, 2022 · OPEC launches 2022 edition of the World Oil Outlook at ADIPEC. 31 Oct 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).

  4. OPEC total liquids supply. 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 33% to 39% over the entire forecast period.

  5. 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.

  6. Nov 1, 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...

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  8. Nov 2, 2022 · The Organization of Petroleum Exporting Countries released its latest annual World Oil Outlook report on Tuesday, during a global energy summit in Abu Dhabi, predicting oil demand will continue to...

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