OPEC sees no peak oil demand on horizon, more crude needed to fuel global economy
October 10, 2023 Comments Off
The world will need much more oil for far longer than previously expected, OPEC said in its updated market forecast, pushing back its estimate of peak demand to at least 2045 and firmly rejecting the notion that the transition to renewable energies would pose any near-term threat to its existence. Global oil demand will expand annually by about 3 million…
OPEC sees no peak oil demand on horizon, more crude needed to fuel global economy
The world will need much more oil for far longer than previously expected, OPEC said in its updated market forecast, pushing back its estimate of peak demand to at least 2045 and firmly rejecting the notion that the transition to renewable energies would pose any near-term threat to its existence. Global oil demand will expand annually by about 3 million…
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