OPEC Maintains Robust Oil Demand Outlook, Sees No Peak to 2050
OPEC maintained its forecast for robust global oil demand growth over the next four years in its World Oil Outlook 2026 and nudged up its longer-term view, saying it sees no peak in demand to 2050. The group also said the world needs $580 billion a year of investment in oil extraction and infrastructure.
OPEC cited a worldwide shift toward more supportive policies for oil use as it raised its longer-term outlook. The report, launched Thursday, reinforces the producer group's argument that continued spending on oil supply and related infrastructure will be needed for years ahead.
From the sources (5 posts)
@staunovoRT @baldersdale: OPEC says the world needs to invest $580 billion annually into oil extraction and infrastructure in its 2026 WOO.
@staunovoOPEC maintained its forecast for robust global oil demand growth in the next four years on Thursday and nudged up its longer-term view, citing a worldwide shift towards more supportive policies for oil use and saying there was no sign dema
@staunovoRT @OPECSecretariat: Launched today, OPEC’s World Oil Outlook 2026 #WOO2026 provides an in-depth review and analysis of the global oil and…
@staunovoRT @WSJmarkets: OPEC Sees Oil Demand Growing With No Peak In Sight
@reuterscommodsOPEC sticks to robust oil demand outlook, sees no peak to 2050