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Oct 9, 2023 · World Oil Outlook 2023 sees global oil demand at 116 mb/d in 2045. The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Kingdom of Saudi Arabia.
- World Oil Outlook
World Oil Outlook. OPEC’s World Oil Outlook (WOO) is part of...
- World Oil Outlook 2045
After declining sharply in 2020, in the medium-term,...
- OPEC Digital Publications
Global energy demand in this year’s WOO is set to expand by...
- World Oil Outlook
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.
After declining sharply in 2020, in the medium-term, non-OPEC supply is expected to mostly recover from the pandemic-related shut-ins seen this year. However, only a handful of non-OPEC producers will see growth beyond the late 2020s, meaning by 2045, supply will return to levels seen in 2019.
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Global energy demand in this year’s WOO is set to expand by 24% in the period to 2050, driven by significant expansion in the non-OECD region. 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 ...
6 days ago · OPEC expects world oil demand to reach 118.9 million barrels per day (b/d) by 2045, around 2.9 million b/d higher than expected in last year’s report.
Sep 29, 2021 · The Organization of the Petroleum Exporting Countries rolled out an opus — its “ World Oil Outlook 2045. Clocking in at a Texas-sized 340 pages, it’s not the easiest of reads, but...
In the long-term, global oil demand increases by 13 mb/d, rising to 110 mb/d. OECD oil demand is on a declining trajectory after 2024, falling to 34 mb/d by the end of the forecast period. This represents an overall demand decline of almost 11 mb/d between 2021 and 2045.
