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- OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report. The report rolled out its timeline to 2050 and expects demand to hit 120.1 million bpd by then. That is far above other 2050 forecasts from the industry.
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Oct 14, 2024 · LONDON, Oct 14 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year,...
- OPEC sticks to oil demand view, shifts key forecast to OPEC+
LONDON, May 14 (Reuters) - OPEC stuck to its forecast for...
- OPEC sticks to oil demand view, shifts key forecast to OPEC+
Sep 24, 2024 · OPEC expects world oil demand to reach 118.9 million barrels per day (bpd) by 2045, around 2.9 million bpd higher than expected in last year's report. The report rolled out its timeline to...
Jan 17, 2024 · OPEC releases first 2025 market outlook. Global oil demand growth is forecast to far outpace the expected rise in non-OPEC supply over the next two years, OPEC said Jan. 17, as the producer group charts its course to manage the market ahead.
Jan 17, 2024 · LONDON (Reuters) -OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said 2025 will see a robust increase in oil use, led by China and the...
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- Alex Lawler
Jan 17, 2024 · OPEC, in a monthly report, said world oil demand will rise by 1.85 million barrels per day in 2025 to 106.21 million bpd. For 2024, OPEC saw demand growth of 2.25 million bpd, unchanged...
May 14, 2024 · LONDON, May 14 (Reuters) - OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting...
Oct 19, 2023 · In the WOO 2023, global energy demand expands by 23% in the period to 2045, with global oil demand increasing by around 17%, and renewables (including solar, wind, biomass and hydro) expanding by more than 200%, albeit from a low base.
