OPEC forecasts 23% rise in energy demand by 2050
In its 2026 report, OPEC forecasts that global energy demand will increase by 23% by the year 2050, with oil continuing to account for approximately 30% of the global energy mix. It is also expected that oil demand will reach 124.1 million barrels per day by that year, with India leading the growth in demand. Additionally, the report emphasizes the necessity of investments amounting to $17.7 trillion to meet future oil demand.
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