OPEC boosts long-term oil demand outlook
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.
OPEC boosts long-term oil demand outlook, driven by developing world growth
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 cleaner fuels.
OPEC and IEA Oil Demand Views Are A World Apart
The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views on medium and long-term global oil demand and how the world should approach the energy transition.
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.
OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead
For investors, OPEC's long-term view suggests that oil-focused stocks will remain attractive, particularly in the context of rising demand from emerging markets and steady upstream investments. OPEC’s forecast of sustained demand creates a compelling case for those investing in upstream oil projects and energy firms.
No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC
OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change."What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact,
Peak oil demand not on the horizon, OPEC says in outlook to 2050
Oil futures rose on Tuesday as China stimulus measures and Middle East tensions boosted sentiment. "There is no peak oil demand on the horizon," OPEC said. Read more.
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
OPEC Bullish On Long-term Oil Demand, Oil Up On Geopolitics | The Gold Record Run | Global News
The Gold Record Run | Global News#oilprices #opec #crudeoil #gold #goldprices #etnow #businessnews #topnews
InvestmentNews23m
It's been a bad week for oil, deep weekly loss expected
Elsewhere, Hurricane Helene barreled into the western coast of Florida, packing dangerous winds and threatening to unleash ...
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
The High-Stakes Spat Over How Much Oil the World Really Needs
OPEC is sticking with its estimate that the world will need an extra two million barrels a day this year, despite signs this ...
Yahoo2h
Libya Names Central Banker in Deal That May End Oil Blockade
(Bloomberg) -- Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that’s ...