US EditionOPEC Raises Long-Term Demand Forecasts in Rejecting Peak Oil
26 Articles
26 Articles
The oil cartel OPEC believes that black gold will continue to dominate the global energy market and predicts that demand for oil will increase by about 19 percent, or 123 million barrels per day, by 2050.
Opec floods the market with fresh oil and sees demand growing steadily by 2050. However, the International Energy Agency is expecting global zenith in just a few years. How much ideology is there in the forecasts?
ThePatriotLight - OPEC Says Global Oil Consumption Will Hit 123 Million BPD By 2050
ThePatriotLight - Authored by Tsvetana Paraskova via OilPrice.com,OPEC projects oil demand rising 19% to 123 million bpd by 2050, led by India and Africa.The forecast contrasts sharply with IEA projections of demand peaking by 2030.U.S. withdrawal from the Paris Agreement seen by OPEC as supporting continued hydrocarbon demand.“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s la…
The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, confirmed this Thursday the solidity and validity of the organization, ensuring that it is prepared to overcome the current and future challenges of the global energy market. READ ALSO Hugo Chávez, the architect of the new era of OPEC In the framework of the IX International Seminar of OPEC, held in Vienna, Al-Ghais stressed that the oil bloc has…
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Bias Distribution
- 55% of the sources lean Right
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