OPEC expected to stick to view of long-term oil demand rise

OPEC expected to stick to view of long-term oil demand rise

LONDON - OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role

OPEC expected to stick to view of long-term oil demand rise

LONDON - OPEC's view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report, despite the growing role

OPEC expected to stick to view of long-term oil demand rise

Russia's invasion of Ukraine - which has sent oil and gas prices soaring and led to an energy crisis - could boost oil demand in the near term

OPEC expected to stick to view of long-term oil demand rise

Another decade or more of oil demand growth would be a boost for producers and OPEC, and would justify continued investment in new supplies

OPEC expected to stick to view of long-term global oil demand rises

Another decade or more of oil demand growth would be a boost for producers and OPEC, whose 13 members depend on oil income, and would justify continued investment in new supplies

OPEC expected to stick to view of long-term oil demand rise

Fri, 2022-10-28 12:36 LONDON: OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said. The Organization of the Petroleum Exporting Countries is scheduled to update its long-term oil demand forecasts in its 2022 World Oil Outlook on Oct. 31. The 2021 version sees oi…