OPEC's latest ‘World Oil Outlook’ paints a bullish picture for oil demand through to 2050, positioning itself as a staunch ...

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, ...

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 ...

OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that ...

The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they ...

The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic ...

Oil futures rose on Tuesday as China stimulus measures and Middle East tensions boosted sentiment. "There is no peak oil ...

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until ...

The chasm between the two forecasting bodies has widened so much in the past two years that they now hold contrasting views ...

OPEC published its long-term outlook for the oil market up to 2050 this week, Commerzbank’s commodity analyst Carsten Fritsch notes.

According to OPEC, oil demand will remain robust for decades, with growing demand in non-OECD regions and the continued need ...