Paris, France (AFP) – OPEC said Tuesday that phasing out oil was a “fantasy”, as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change.

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais said in the group’s annual World Oil Outlook, which puts demand at 120.1 million barrels per day in 2050, a 17.5 percent increase from 2023.

ngu/nal/jum/lth/cw

© Agence France-Presse

Featured image credit: kjpargeter | Freepik.com

Illustration EU green business (s. European Parliament, climate)
European Parliament votes in favor of exiting the Energy Charter TreatyNews

European Parliament votes in favor of exiting the Energy Charter Treaty

BRUSSELS – In a decisive move reflecting growing environmental concerns, the European Parliament has voted overwhelmingly to recommend the EU's withdrawal from the Energy Charter…
Adrian AlexandreAdrian AlexandreApril 24, 2024 Full article
Image: rat tail fish
Deep-sea discovery calls into question origins of lifeNewsScience

Deep-sea discovery calls into question origins of life

By Euan Paterson | Scottish Association for Marine Science (SAMS) A discovery in the dark depths of the Pacific Ocean is challenging the scientific consensus…
SourceSourceJuly 22, 2024 Full article
Satellite Image: Sardinia (Italy) and Corsica (France) (s. Saharan dust)
Image of the day: Saharan dust over Sardinia and CorsicaNews

Image of the day: Saharan dust over Sardinia and Corsica

Saharan dust drifting over Sardinia and Corsica is a familiar seasonal phenomenon in the western Mediterranean, yet each episode offers a clear view of how…
Muser NewsDeskMuser NewsDeskNovember 18, 2025 Full article