OPEC Believes Oil Demand Will Be Strong

OPEC believes oil demand will be strong

They indicated that oil’s role in energy supply security is an important factor to consider. OPEC, which represents nearly a third of the world’s oil supply, consistently maintains that crude oil demand will continue to rise for decades. This view conflicts with forecasts, such as those of the International Energy Agency, that demand will soon peak. OPEC Secretary General Haitham al-Ghais said that economic growth, population growth, and urbaniz…

Opec remains certain that oil demand will stay strong

Opec repeats call for investment Energy security key to climate action Europe may struggle with transition The head of Opec and the producer group’s most influential energy minister on Wednesday defended oil’s role in providing secure energy supplies, pushing back against predictions of a faster transition to cleaner fuels. Opec, which accounts for about a third of global oil supply, has consistently argued that oil demand will continue rising f…

OPEC Doubles Down on View That Oil Demand Will Stay Strong - Energy News, Top Headlines, Commentaries, Features & Events

Summary OPEC head repeats call for investments in oil and gas Energy security key to climate action success – Saudi minister Saudi minister sees Europe struggling with transition challenge (Reuters) – The head of OPEC and the producer group’s most influential energy minister on Wednesday defended oil’s role in providing secure energy supplies, pushing back ...