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Sep 24, 2024 · The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year. Investment in the oil sector needs to reach an estimated $17.4...
- Giulia Petroni
Sep 25, 2024 · The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency, which sees demand for fossil fuels peaking this decade as the world turns to renewable...
“There is no peak oil demand on the horizon,” OPEC said. Rising consumption would be a boost for the group’s 12 members, whose income is heavily dependent on oil.
Demand for fossil fuels is set to peak by the end of the decade, according to a new projection from the International Energy Agency — but it might not be enough to curb the worst impacts of...
Oct 24, 2023 · Oil and coal demand drop off a cliff, while total energy supply drops by more than half, the new lower trend continuing after 2040. This appears to be due to the horizon effect: behavior...
Vienna, Austria, 13 June 2024--In a recent article published by Energy Aspects, HE Haitham Al Ghais, OPEC Secretary General, emphasized that oil is set to play a key role in human lives for years and decades to come. “Peak oil demand is not on the horizon,” he stated.
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Sep 24, 2024 · "There is no peak oil demand on the horizon," Ghais said. At the UN COP28 climate summit last year -- hosted by OPEC member United Arab Emirates -- nations agreed on the goal of...