OPEC: Primary Energy Demand to Increase 23% by 2050
16 Articles
16 Articles
Secretary-General of the Organization of Petroleum Exporting Countries attributed the lack of investment to the world's current lack of "diesel, fuel for aircraft and petrol".
The organization warns that the increase of the world population, urbanization and the development of artificial intelligence will trigger demand and demand investments of up to 18 trillion dollars to guarantee the supply of oil and gas
OPEC slashes 2026 oil demand forecast by over 70% to 400,000 bpd
The Organisation of the Petroleum Exporting Countries (OPEC) has reduced its global oil demand growth forecast for 2026 by more than 70%, from 1.4 million barrels per day (bpd) to 400,000 bpd, reflecting weaker-than-anticipated demand growth during the year.
Haitham al Ghais advocates investment in oil infrastructure and other energy sources due to global population and economic growth
Secretary-General of OPEC defended the need to invest in infrastructure for oil and gas, as well as in other energy sources.
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