Search News

All News

OPEC boosts long-term oil demand outlook, driven by developing world growth...
25 Sep, 2024 09:28 729 min read
OPEC raised its oil demand forecasts due to growth in developing countries. The organization expects demand to reach 118.9 million bpd by 2045, higher than previous estimates. OPEC calls for more investment in the oil sector. The report forecasts a 1.2 billion increase in vehicles by 2050, with electric vehicles accounting for less than 30% of the global fleet.... More