Opec rolls out global oil outlook to 2050, sees no peak demand

Quick Summary:

Other forecasters like BP and the International Energy Agency see oil use peaking this decade.

The report rolled out its timeline to 2050 and expects demand to hit 120.1 million bpd by then.

The report sees Opec+‘s share of the oil market rising to 52 per cent in 2050 from 49 per cent in 2023 as US output peaks in 2030 and non-Opec+ output does so in the early 2030s.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilIndiaKuwaitUnited Arab Emirates

Topics: Report 2050 Forecasts Million Opec 2023 Demand Vehicles Expected World Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 01:34:06 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 718 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22700558

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions