19 Hrs
Source:
الاقتصادية
OPEC forecasts long-term oil demand growth
OPEC's outlook indicates a continued increase in oil demand until 2050, with demand estimated at approximately 124.1 million barrels per day, alongside a sustained need for investments totaling $17.7 trillion. The organization expects demand to remain high in the transportation, aviation, and petrochemical industries, with varying increases from India and China. Projections also suggest that OPEC+ production could reach 64.5 million barrels per day by 2050. This comes amid a recovery in oil supplies following recent tensions in the Strait of Hormuz and the removal of obstacles hindering maritime traffic.
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