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OPEC boosts long-term oil demand outlook
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.
OPEC boosts long-term oil demand outlook, driven by developing world growth
OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
OPEC Doubles Down on Forecast for Unfettered Oil Demand Growth
OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.
Peak Oil Demand Isn’t on the Horizon, OPEC Says
The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year.
Opec sees world oil demand soaring through 2050, countering peak-oil predictions
Opec Secretary General Haitham Al Ghais and his Opec research team unveiled the group's latest annual World Oil Outlook at the ROG.e 2024 event in Rio de Janeiro
Expected growth in the developing world sees OPEC raise oil demand outlook
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
OPEC Bullish On Long-term Oil Demand, Oil Up On Geopolitics | The Gold Record Run | Global News
The Gold Record Run | Global News#oilprices #opec #crudeoil #gold #goldprices #etnow #businessnews #topnews
Peak oil demand not on the horizon, OPEC says in outlook to 2050
Oil futures rose for the first time in three sessions on Tuesday, as stimulus measures unveiled by China's central bank eased at least some concerns about demand that has long weighed on price. "The Chinese government's announcement of its largest stimulus package since the pandemic,
Oil prices fall
Oil prices dip again as fears of market oversupply loom
Earlier this week, Saudi Arabia reportedly decided to ramp up its oil production from December, abandoning its earlier target of pursuing $100 per barrel oil price.
Oil prices mark a weekly loss on prospect of increased supply
Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production before year-end.
Oil prices fall as expectations of higher supplies hammer market sentiment
Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Brent crude futures fell 57 cents,
IJR
4h
DAVID BLACKMON: The Silly Peak Oil Debate Rages On
Analysts and professionals in the global energy space have long debated the prospects for reaching peak demand for crude oil.
1d
Oil Is Down 7% This Year: Is The Recent Slump A Portent Of Things To Come?
Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...
Midland Reporter-Telegram
20h
Oil prices drop 5% on rising OPEC supply, weak China demand
Oil prices dropped 5% this week due to rising OPEC supply and weak demand from China. Natural gas prices rose on Hurricane ...
Crude Oil Prices
4d
OPEC Says Phasing Out Oil Is Just A Fantasy
According to OPEC, oil demand will remain robust for decades, with growing demand in non-OECD regions and the continued need ...
2d
on MSN
Why oil prices have plunged 3% today
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
2d
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...
2d
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...
1d
Oil Steadies as Traders Weigh Odds of More Libyan, Saudi Supply
Oil steadied after a sharp two-day drop on the prospect of more supply from OPEC members Saudi Arabia and Libya.Most Read ...
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