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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.
- 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 2024 OPEC World Oil Outlook (WOO) was launched today at...
- The OPEC Fund
The OPEC Fund Its 12 Member Countries are: Algeria, Ecuador,...
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- Reports
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 ...
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.
6 days ago · OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...
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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Oct 9, 2023 · In its 2023 World Oil Outlook report, OPEC indicated that by 2045, the world will need 116 million barrels of oil per day (bpd), up from 99.6 million bpd in 2022, and about 6 million...
Oct 9, 2023 · Global oil demand will expand annually by about 3 million b/d of oil equivalent until it reaches 116 million b/d by 2045, driven by population growth, particularly in the Middle East, Africa and Asia, OPEC said in its World Oil Outlook released Oct. 9.
