Open Demo Account
Home / Market Update / Global Stock Market / OPEC raises its forecast for long-term demand for oil and calls for investments in the sector

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.

Tags

Check Also

Asian Markets Mixed as Nikkei Surges, China Stumbles on Services PMI

Asian stocks presented a mixed picture on Wednesday, with Japan’s Nikkei 225 index reaching new …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends