Oil demand will grow by 25 million barrels per day in the developing world through 2045, according to OPEC’s chief.
OPEC sees oil demand growing by 25 million barrels per day in the developing world through 2045, with China and India alone contributing 10 million bpd.
OPEC Secretary General Haitham Al Ghais said oil demand will grow by 25 million barrels per day in the developing world through 2045, with China and India alone contributing 10 million bpd, as billions of people need access to basic services such as electricity, cooking gas and transportation.
in the coming years as production increases while demand slows and ultimately peaks by the end of the decade. Oil supply capacity will rise to 114 million per day by 2030, 8 million barrels more than global demand, according to the IEA. OPEC's Al Ghais rejected those predictions as"dangerous, especially for consumers and could lead to unprecedented volatility."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices and news: Oil sinks despite rumours of OPEC cut into 2025Oil prices are hovering below $78 on Friday, failing to recover from the near 3% decline in just two trading days. For the week, Crude’s performance is broadly flat and could still eke out a gain ahead of the OPEC+ meeting, which will take place on
Read more »
South Korea is Planning to Send a Mission to Mars by 2045Space and astronomy news
Read more »
Oil prices little changed as OPEC sticks to demand and steady economic growth forecastsCrude oil rallied more than 2% Monday and has now recovered most of the losses from last week.
Read more »
Oil prices little changed as OPEC sticks to demand and steady economic growth forecastsCrude oil rallied more than 2% Monday and has now recovered most of the losses from last week.
Read more »
Oil Rebounds, Gaining 6.6% YTD as Investors Eye Fed Meeting and OPEC ReportsCommodities Analysis by The Tokenist (Timothy Fries) covering: Brent Oil Futures, Crude Oil WTI Futures, Natural Gas Futures. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Oil prices steady ahead of OPEC report, more rate cuesOil prices steady ahead of OPEC report, more rate cues
Read more »