OPEC extends oil demand outlook to 2050. Sees now peak demand on the horizon

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For what it is worth (which when talking about 2050, I find it worth little):

  • OPEC extends oil demand outlook to 2050 and says there is no peak demand on the horizon.

  • OPEC raises oil demand forecasts for medium term to 2028 and long term to 2045 – 2024 World Oil Outlook.

  • OPEC puts total oil sector investment needed to 2050 at $17.4 trillion, compared with $14 trillion by 2045 estimated in 2023.

This article was written by Greg Michalowski at www.forexlive.com.