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Energy Outlook · Investments · Oil Demand · OPEC
OPEC's World Oil Outlook 2026 projects global oil demand will reach 124 million barrels a day by 2050, indicating a significant increase in energy consumption over the coming decades.
The Organization of the Petroleum Exporting Countries (OPEC) launched its 20th annual publication, anticipating a 23% rise in overall global energy demand by 2050. This robust growth in oil demand, as stated by OPEC Secretary General HE Haitham Al Ghais, necessitates substantial investment.
OPEC estimates $17.7 trillion in oil investments are required from 2026 to 2050, equating to over $700 billion annually, to adequately meet future demand. The Outlook emphasizes the importance of balanced and realistic energy pathways, acknowledging diverse global needs and the critical role of all energy sources and technologies in ensuring energy security, affordability, and emissions reductions.
This long-term forecast underscores OPEC's view that oil remains central to the global energy mix for decades.
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