Quoted

“By 2045, it predicts its members’ oil will constitute 39% of global crude consumption, up from about 33% now. The group said it expects the Middle East—dominated by OPEC members such as Saudi Arabia and the United Arab Emirates—to ship 57% of the world’s crude exports by 2045, up from 48% in 2019.” 

OPEC, in its annual report on long-term energy trends, the Organization of the Petroleum Exporting Countries said it expects global oil demand to grow steadily over the next two decades.  [Wall Street Journal]





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