OPEC, World Oil Outlook
OPEC's Forecast of Peak Oil Demand: A Long Horizon Ahead
OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch defender of the idea that oil and gas will remain crucial to global energy. For market participants,
OPEC sees oil demand continuing to rise until 2050 – Commerzbank
OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.
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 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 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 rolls out global oil outlook to 2050, sees no peak demand
By Alex Lawler LONDON (Reuters) -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 Sticks to Outlier View on Oil Demand Growing Through 2050
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.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesUnlocking the Hidden Power of Zoning,
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.
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.
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”.
Peak Oil Demand Isn’t on the Horizon, OPEC Says
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.
Oil News: China Stimulus Uncertainty Fails to Lift Outlook as OPEC Supply Grows
Bearish oil outlook persists as supply rises from OPEC+ and Libya. China’s economic stimulus offers little boost to ...
Engineering News18m
OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar
Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost ...
Weak Demand And Strong Non-OPEC Supply Put Cartel On Defensive
The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to ...
OPEC Secretary-General’s Speech in Brazil Disrupted by Protester
Ghais’s speech in Brazil got off to a rough start after the power went out to the podium and a protester took to the ...
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 ...
Crude Oil Prices2d
OPEC Says Phasing Out Oil Is Just A Fantasy
According to OPEC, oil demand will remain robust for decades, with growing demand in non-OECD regions and the continued need ...
Why ExxonMobil, ConocoPhillips, and Shell Stocks Dropped Today
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock ...
Saudi Arabia to drop $100 crude target to win back market share, FT reports
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output ...