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

Satellite Image: Switzerland
Image of the day: Alpine resorts open for the season after recent snowfallsNews

Image of the day: Alpine resorts open for the season after recent snowfalls

Many ski resorts in the Alps have welcomed the new ski season thanks to heavy snowfall after the recent Arctic blast which hit Europe in…
SourceSourceNovember 27, 2024 Full article
Image: 3D-render globe (s. monsoons)
Typhoon Kalmaegi makes landfall in central Vietnam: govtNews

Typhoon Kalmaegi makes landfall in central Vietnam: govt

Vietnam | AFP Typhoon Kalmaegi slammed into central Vietnam's already storm-battered coastline Thursday evening, packing winds of up to 149 kilometres (92 miles) per hour,…
SourceSourceNovember 6, 2025 Full article
Image: ICJ building
Landmark climate case to open at top UN courtNews

Landmark climate case to open at top UN court

By Jan HENNOP The Hague, Netherlands | AFP - The United Nations' top court will start unprecedented hearings on Monday aimed at setting legal guidelines…
SourceSourceDecember 2, 2024 Full article