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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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OPEC Sees No Peak Demand Long Term
OPEC does not see a peak in oil demand in its long-term forecast and expects demand to increase to 116m b/d or higher by 2045, its secretary general Hathaim Al Ghais said, cited by Reuters.
- This contrasts with the IEA’s report June 12 which forecasts peak oil demand by 2029, plateauing at 106m b/d. This brings the forecast for peak oil forward from the previous date of 2030.
- Al Ghais said that similar forecasts for peak demand had been proved wrong before, noting the IEA’s suggestion that gasoline demand had peaked in 2019, or that coal demand has peaked in 2014.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.