Opec Trumpets Oil's Role in Long-Term Forecast

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Barrels,Opec,
Maxx-Studio/Shutterstock

Opec has issued a clarion call for investment in the oil industry, warning in its annual World Oil Outlook (WOO) that chronic underinvestment is a major cause for concern, as it forecasts a rise in global demand of around 13 million barrels per day by 2045.

Topics:
Oil Demand, Oil Supply, Oil Forecasts, Non-Opec Supply, Opec-Plus Supply , Policy and Regulation
Wanda Ad #2 (article footer)
#
Saudi Arabia offered a surprise additional 1 million b/d cut in Vienna this weekend, the only Opec-plus producer to do so.
Sun, Jun 4, 2023
With the US debt ceiling talks out of the way and crisis averted, oil markets can now return the focus to supply and demand fundamentals.
Fri, Jun 2, 2023
Opec-plus faces another tricky meeting this weekend as benchmark Brent struggles to stay above $70 per barrel despite the group's recent supply cuts.
Thu, Jun 1, 2023