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OPEC Forecast 23% Rise in Energy Demand by 2045

OIL

OPEC expects a 23% rise in energy demand by 2045 OPEC Secretary General Haitham al-Ghais said in an interview this week.

  • "We expect the demand for energy resources will grow dramatically in 2045, by 23% - to 351 mln barrels per day from 258.7 mln barrels per day in 2021," al-Ghais said. "Oil will continue holding the greatest share in the energy balance," he noted.
  • OPEC "will stand for a balanced and comprehensive energy transition that will not exclude anyone," he added.
  • "The consensus was reached to act now in order to prevent any crisis in future," he said.

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