13 Hrs
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الاقتصادية
OPEC projects decades of oil demand growth
The OPEC organization forecasted an increase in oil demand, reaching 113.3 million barrels per day by 2030 and 124.1 million barrels per day by 2050, with an investment requirement of $17.7 trillion. It also raised its production outlook for the OPEC+ alliance from 64.1 million to 64.5 million barrels per day through 2050, with estimates indicating an increase in production outside the alliance to 59.6 million barrels. This comes amid developments in the Strait of Hormuz following the signing of an agreement between the U.S. and Iran to ensure the passage of commercial ships.
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