Oil market: We need $14trn investment to meet global demand —Al Ghais

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

THE Secretary General, Organisation of Petroleum Exporting Countries, OPEC, Haitham Al Ghais, yesterday, said the world needed to invest $14 trillion between 2023 and 2045 to meet global demand.

In his article – Why OPEC has increased its long-term oil demand outlook in the World Oil Outlook, WOO 2023 – obtained by Vanguard, the secretary general who noted the continued rise in global demand, stated: “In the WOO 2023, investment requirements out to 2045 total $14 trillion, or around $610 billion on average per year.

This past year has seen the OPEC Secretariat research team take on board a variety of energy policy shifts, reassessments of the speed and nature of energy transitions, as well as developments in the economic landscape, to revise up the long-term oil demand outlook in our World Oil Outlook, WOO, 2023 to 116 million barrels a day by 2045.”

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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