OPEC raises its expectations for oil and calls for investment in the sector

OPEC raises its expectations for oil and calls for investment in the sector

OPEC increased its projections for the medium- and long-term growth of the world’s oil demand.
Despite efforts to switch to sustainable energy sources, investments totaling $12.1 trillion are needed to fulfil this goal until 2045.
The OPEC report upheld its prediction that the world oil demand won’t stabilise until after 2035.

OPEC improves its oil estimates and urges investment in the industry

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