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  2. 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 ...

  3. 5 days ago · 2045 demand forecast up 3 mln bpd from last year's outlook; ... and cited plans by several global carmakers to scale down ... OPEC expects world oil demand to reach 118.9 million barrels per day ...

  4. OPEC launches WOO 2024 and sees global oil demand at over 120 mb/d in 2050. The 2024 OPEC World Oil Outlook (WOO) was launched today at the ROG.E conference in Rio de Janeiro, Brazil. First published in 2007, and now in its 18th edition, the Organization’s flagship annual publication offers a detailed review and assessment of the medium- and ...

  5. 5 days ago · In the long term, global oil demand is expected to increase by almost 18 mb/d, rising from 102.2 mb/d in 2023 to 120.1 mb/d in 2050. While non-OECD demand is projected to increase by 28 mb/d between 2023 and 2050, OECD demand is set to witness a decline.

  6. Global population growth, urbanization trends, drive energy demand requirements. The outlook is underscored by a robust increase in the world’s population, with projections indicating a rise to 9.7 billion by 2050 from a level of just over eight billion today. This growth is predominantly driven by a substantial demographic surge in non-OECD ...

  7. 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.

  8. Oil demand projected to increase by –4.0 mb/d between 2019 and 2025 –almost 10 mb/d between 2019 and 2045Demand growth in non-OECD (+22.5 mb/d) countries will more than offset declines in OECD (-13.1 mb/d) • Healthy demand growth in the first part of the forecast period will be followed by plateauing oil demand in the second part

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