US EditionOpec Raises 2050 Oil Demand Outlook Amid Expansion of Global Economies
23 Articles
23 Articles
Reliable earnings outlooks? In this economy?
When companies release earnings reports, they often predict where they’re headed next, profit-wise. Lately, thanks to all that pesky economic uncertainty, some firms have altered their forecasts or opted out altogether. In this episode, why some guidance is better than no guidance. Plus: OPEC foresees oil demand growth through 2050, protein is the latest food fad, and an environmental organizer takes us on a mini “toxic” tour of his community th…
They predict an 18.6 per cent increase in crude oil consumption over the next 25 years, and urge investment of $18.2 trillion by 2050
No decrease in oil consumption expected until 2050.
Oil demand will continue to grow until at least 2050, OPEC predicts, with demand expected to rise 18.6 percent from last year to around 123 million 159-liter barrels per day by 2050. It calls for a shift away from fossil fuels a "fantasy."
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