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OPEC raises its forecast for long-term demand for oil and calls for investments in the sector

Adel 31 October, 2022 4:22 pm Global Stock Market, Market Update

An annual forecast report released on Monday showed that OPEC raised its forecast for global oil demand in the medium and longer term, and said that $12.1 trillion in investment is needed until 2045 to meet this demand, despite efforts to shift to clean energy sources.

In the report, OPEC maintained its view that global oil demand would not stabilize until after 2035.

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